Feb 2, 2024 · The OECD estimates the Global Minimum Tax (GMT) policy will reduce under-taxed profits by around 80%, as it applies across geographies, national income boundaries and tax …

Jun 7, 2021 · The G7 accord feeds into a much broader, existing effort. The Organization for Economic Cooperation and Development has been coordinating tax negotiations among 140 …

Apr 6, 2021 · Janet Yellen, U.S. Treasury Secretary, is working with G20 countries to agree on a global corporate minimum tax rate. She has pledged that restoring U.S. multilateral leadership …

Jul 2, 2021 · The OECD hosted talks on a global minimum corporate tax rate, with 130 countries, representing more than 90% of global GDP, backing the agreement; It would see a minimum …

Oct 25, 2023 · “The global minimum tax, as things stand, would generate only a fraction of the tax revenue that could be expected from it based on the principles laid out in 2021,” the report …

The Forum’s recent Jobs Reset Summit included a dedicated session on the effort to establish a global minimum corporate tax – with the chief executive of the Tax Justice Network describing …

Nov 1, 2021 · The OECD, which has steered the negotiations, estimates the minimum tax will generate $150 billion in additional global tax revenues annually. A global deal to ensure big …

Jan 23, 2025 · Upon taking office, Trump also pulled the US out of the global corporate minimum tax deal, a significant agreement finalized in 2023 that mandated a minimum tax rate across …

Sep 7, 2021 · According to the OECD, the global minimum corporate tax rate is estimated to generate around $150 billion in additional global tax revenues every year. It therefore has the …

Jan 6, 2025 · The World Inequality Report 2022 shows that “The richest 10% of the global population currently takes 52% of global income, whereas the poorest half of the population …