World leaders reach landmark deal on a global corporate tax rate
Summary by CNBC
The Organisation for Economic Cooperation and Development on Friday announced a major breakthrough on corporate tax rates, after years of disagreement.
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Times of India
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.
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.
