The Organisation for Economic Cooperation and Development on Friday announced a major breakthrough on corporate tax rates, after years of disagreement.

Reuters

United Kingdom

OECD says deal reached on global minimum corporate tax rate

Following years of intense negotiations, an agreement was reached among 136 countries and jurisdictions (which includes all Oecd member countries and G-20 countries) that Multinational Enterprises will be subject to a minimum 15 per cent global tax rate from 2023. Four countries - Kenya, Nigeria, Pakistan and Sri Lanka - have not yet joined the agreement.

Media Bias/Fact Check

Times of India

India

136 countries reach an agreement to distribute MNEs profits among customer-centric countries and introduce a minimum global tax rate of 15%

The historic deal is designed to make big corporations pay a fairer share of tax around the world.

Ad Fontes Media

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BBC News

Government of the United Kingdom

Nations agree to 15% minimum corporate tax rate

A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and Development said on Friday. The OECD said four countries - Kenya, Nigeria, Pakistan and Sri Lanka - had not yet joined the agreement.

Yahoo News

Los Angeles

Los Angeles County

California

United States

OECD says deal on global minimum corporate tax rate has been reached

A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that U.S. President Joe Biden said levelled the playing field.

News18 India

Mukesh Ambani

Landmark Global Corporate Tax Deal Finally Finds Agreement

Minimum rate aimed at deterring corporations from moving money to tax havens and could raise £110bn worldwide

The Independent

Evgeny Lebedev

London

Greater London

England

Global deal to ensure companies pay at least 15% tax agreed by 136 nations

Under the agreement announced Friday, countries would enact a global minimum corporate tax of 15 per cent on the biggest, internationally active firms, reaping an estimated $150 billion US for government coffers once implemented.

CBC News

Government of Canada

Canada

Nearly 140 countries agree on global minimum corporate tax rate

A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and Development said on Friday.

The Woodbridge Company

FRANKFURT, Germany (AP) — More than 130 countries have agreed on sweeping changes to how big multinational companies are taxed in order to deter them from avoiding taxes by shifting their profits to nations with lower rates.

Associated Press News

Independent Media

More than 130 countries reach deal on corporate minimum tax

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.

NDTV

Gautam Adani

New Delhi

Delhi

India, 135 Other Nations Agree On Landmark Global Corporate Tax Deal

Complex global talks have forged a deal on sweeping changes in how multinational companies are taxed

abc News

The Walt Disney Company

EXPLAINER: How global deal stems corporate use of tax havens

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World leaders reach landmark deal on a global corporate tax rate

World leaders reach landmark deal on a global corporate tax rate

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