Explainer: What is a global minimum tax and what will it mean? – Reuters
- Date: 09-Jun-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Explainer: What is a global minimum tax and what will it mean? – Reuters
Finance Ministers from the Group of Seven (G7) rich nations reached a landmark accord on Saturday backing the creation of a global minimum corporate tax rate of at least 15%, an agreement that could then form the basis of a worldwide deal.
Such a deal aims to end what U.S. Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals.
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