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Countries reach agreement on corporate tax
Saturday, October 9th, 2021
More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15 per cent minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries… The OECD said that the minimum tax would reap some $150 billion (U.S.) for governments… it would end a “race to the bottom” in which countries outbid each other with lower tax rates.
Tags: economy, globalization, ideology, tax
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