In the EU, the minimum tax on multinational corporations is estimated to yield 220 billion US dollars worldwide.
Commencing on January 1st, businesses with annual sales above 750 million euros will be required to adhere to the OECD’s minimum tax rate of 15 percent. Gentiloni, the EU commissioner: “This is how we curb the race to the bottom.” However, several nations are still absent. Brussels – An important step towards achieving tax justice:…