Global leaders reach agreement on 15% minimum corporate tax rate

minimum corporate tax rate

Leaders from 136 countries and territories around the world has reached an agreement to set a minimum corporate tax rate of 15% to prevent tax evasion of multinational companies on October 9, 2021, CNBC news agency reported. The Organization for Economic Co-operation and Development (OECD) has agreed to set a minimum corporate tax rate of 15% to prevent tax evasion by

multinationals. that often shifts profits to countries with low tax rates also known as “tax haven”.

Which agreement which is an agreement between 136 countries and territories representing up to 90% of global GDP. It will help to increase profits up to 125 billion US dollars from 100 high-income multinational companies around the world, Including giving them Pay taxes as appropriate as well.

minimum corporate tax rate

Read more: https://www.prachachat.net/world-news/news-778978

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