Standardised global corporation tax would be ‘a benefit’, IMF chief says
- Date: 26-May-2021
- Source: The National
- Sector:Economy
- Country:Middle East
Standardised global corporation tax would be ‘a benefit’, IMF chief says
The IMF on Tuesday praised Washington's proposal for a minimum global tax rate of 15 percent on corporations, saying it would unlock more resources for governments to invest in areas like education, health or infrastructure.
While there have been proposals for setting the rate at as much as 21 percent, "anything that is above what today in many places is 10 [per cent] or even lower is a benefit," said Kristalina Georgieva, managing director of the International Monetary Fund.
The Washington-based lender has long advocated an agreement on a common global tax, she said in a conversation with The Washington Post.
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