Explainer-What is a global minimum tax and what will it mean? By Reuters
By Leigh Thomas and David Lawder (Reuters) - Finance Ministers from the Group of Seven (G7) rich nations have said they are close to a landmark accord setting a global minimum corporate tax rate, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what U.S. Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals. WHY A GLOBAL MINIMUM TAX? Major economies are aiming to discourage multinationals from shifting profits - and tax revenues -...
Подробнее