World leaders reach landmark deal on a global corporate tax rate
Summary
The Organisation for Economic Cooperation and Development on Friday announced a major breakthrough on corporate tax rates, after years of disagreement.
136 countries reach an agreement to distribute MNEs profits among customer-centric countries and introduce a minimum global tax rate of 15%
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.
136 countries reach an agreement to distribute MNEs profits among customer-centric countries and introduce a minimum global tax rate of 15%
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.
OECD says deal on global minimum corporate tax rate has been reached
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.
OECD says deal on global minimum corporate tax rate has been reached
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.
Landmark Global Corporate Tax Deal Finally Finds Agreement
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.
Landmark Global Corporate Tax Deal Finally Finds Agreement
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.
OECD says deal reached 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.
OECD says deal reached 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.