Global tax reform: 130 countries commit to minimum corporate rate

tax global countries corporate reform
Middle East
  • Date: 01-Jul-2021
  • Source: The Guardian
  • Sector: Economy
  • Country: Middle East
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Global tax reform: 130 countries commit to minimum corporate rate

Landmark moment for world economy with OECD plan that also covers preventing profit-shifting

Efforts to force multinational companies to pay a fairer share of tax have taken a decisive step forward after 130 countries and jurisdictions agreed to plans for a global minimum corporate tax rate.

In a landmark moment for the world economy, the Organisation for Economic Co-operation and Development (OECD) issued a statement committing each of the countries to a two-pillar plan to radically reshape the global tax system.

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