130 Countries Including USA, China And India Agree For Globa

130 Countries Including USA, China And India Agree For Global Minimum Corporate Tax


130 Countries Including USA, China And India Agree For Global Minimum Corporate Tax
Representative Image of various currencies (Petr Kratochvil/Public Domain Pictures)
US Treasury Secretary Janet Yellen and the Organization for Economic Cooperation and Development (OECD) announced on Thursday that 130 countries, including Switzerland, China and India, have agreed to back a global minimum corporate tax rate of at least 15 per cent, a policy priority for the Joe Biden administration, which has proposed major tax hikes on corporations to fund investments in infrastructure and social services, Forbes reported.
OECD said that 130 countries have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

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