October 25, 2021

Ukraine Breaking News

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136 countries agree on minimum corporate tax of 15%

CNBC: World leaders reach historic agreement on a global corporate tax rate

* The twist comes after some changes have been made to the original text.

* In particular, the 15% rate will not be increased at a later date and small businesses will not be affected by the new rates.

* This has helped Ireland, a longtime opponent of rising corporate tax rates, to join the plan.

The Organization for Economic Co-operation and Development announced on Friday a major step forward on corporate tax rates, after years of disagreement.

The group of developed nations has agreed on a global minimum corporate tax rate of 15%.

This marks a huge shift for smaller economies, such as the Republic of Ireland, which have attracted international businesses, to a large extent, through a lower tax rate.

to know more ….

WNU Editor: I still have a hard time believing that the United States Congress will agree with this.

More news on 136 countries reaching agreement on a minimum corporate tax of 15%

More than 130 countries reach agreement on minimum corporation tax – AP

Nations agree on minimum corporate tax rate of 15% – BBC

World leaders hail global corporation tax rate deal – DW

The OECD agreement imposes a minimum global corporation tax of 15% – The Guardian

136 countries accept the minimum corporate tax rate after Ireland ditches its opposition – CNN

136 countries agree on global minimum tax agreement – The Hill

OECD signs global corporation tax reform deal as last cave of resistance – Zero Herdge

More than 130 countries reach minimum corporation tax agreement – Canadian Press

EXPLANATION: How Global Agreement Hinders Corporate Use of Tax Havens – AP

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