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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
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Cayman islandsUnited statesJanet yellenEuropean unionOrganization for economic cooperationEconomic cooperationTax observatorySecretary janet yellen

Loopholes said to hurt minimum-tax deal

WASHINGTON An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.

Cayman islandsUnited statesGabriel zucmanJanet yellenUniversity of californiaParis school of economicsOrganization for economic cooperationEuropean unionEconomic cooperationTax observatorySecretary janet yellenParis school

Pakistan s Rich Own Offshore Assets Worth $19 2 Billion

Pakistan s Rich Own Offshore Assets Worth $19 2 Billion
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Tax deal for MNCs marred by loopholes | The Manila Times

WASHINGTON, D.C.: An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations (MNCs) to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.

United statesCayman islandsJanet yellenTerms of serviceOrganization for economic cooperationEuropean unionEconomic cooperationManila timesTax observatorySecretary janet yellen

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
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Cayman islandsUnited statesJanet yellenGabriel zucmanOrganization for economic cooperationEuropean unionUniversity of californiaParis school of economicsEconomic cooperationTax observatorySecretary janet yellenParis school