Emeritus Prof Christopher May on Nostr: This year will be a big test for multilateralism & global #taxation. Today, an ...
This year will be a big test for multilateralism & global #taxation.
Today, an agreement (three years ago) by 140 countries comes into force mandating a minimum effective tax rate of 15% on #corporate profits.
Q. is will the absence of 60 states from this agreement render it relatively ineffective, or are we at last seeing a move to ensure corporations contribute properly to the social #infrastructure of the countries in which they operate?
[Also see yesterday's post of Sol Piciottos' blog]
Today, an agreement (three years ago) by 140 countries comes into force mandating a minimum effective tax rate of 15% on #corporate profits.
Q. is will the absence of 60 states from this agreement render it relatively ineffective, or are we at last seeing a move to ensure corporations contribute properly to the social #infrastructure of the countries in which they operate?
[Also see yesterday's post of Sol Piciottos' blog]