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On 1 July 2021, 130 countries backed an OECD plan to set a global minimum corporate tax rate of 15 per cent. [15] On 8 October 2021, the EU members Republic of Ireland, Hungary, and Estonia agreed to the OECD plan under the condition that the 15% tax rate will not be raised. [16]
The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least 15% could yield around $150 billion in ...
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 countries, the Organisation for Economic Cooperation and ...
The Organization for Economic Cooperation and Development (OECD) announced in October that 136 countries had agreed to introduce a global minimum corporate tax rate set at 15%. Countries were ...
The second pillar is the global minimum tax, which would introduce a minimum tax rate of 15% on the global income of multinational corporations, including their subsidiaries. It would apply to all multinational corporations with consolidated annual revenue of at least 750 million euros and is expected to bring in around 150 billion euros in ...
The White House proposed the 15% minimum corporate tax rate in May. Industry lobbyists believe Facebook and Amazon stand to benefit from the 15% agreement if the deal dumps digital services taxes ...
Pillar 2. On 1 July 2021, finance officials from 130 countries agreed on plans for a new international taxation policy known as the global minimum corporate tax (of 15%). If a country taxes a multinational at a lower rate, the multinational's HQ will receive the difference. It is not certain when the proposals will be implemented.
The U.S. proposed a 15% global minimum corporate tax rate. Yahoo Finance’s Rick Newman shares the details.