rate of corporation tax. president biden says it will even the playing field around the world. here is how it will work. the minimum rate will be set at 15% — lower than the global average but higher than, for example, ireland's12.5% rate. 136 countries have signed up, only kenya and nigeria, pakistan and sri lanka have refused. the organisation for economic co—operation and development, which brokered the deal, says countries will collect around $150 billion a year extra in tax revenues. here is the french finance minister bruno le maire. it will allow us to fight with more efficiency against the rising inequalities in the world. this agreement at the level of the oecd is clearly a tax revolution — a tax revolution which will lead to less unfairness, to more justice, more efficiency.