No Result
View All Result
The Biz Reporter
 
English Edition
Monday, May 16, 2022 | 02:02 PM
Print Edition
  • Login
  • Home
  • LatestLive
  • Lead Story
  • News
  • Business
  • Education
  • Finance
  • Food
  • Jobs
  • Opinion
  • Policies
  • Science & Tech
  • Sports
  • Travel
The Biz Reporter
No Result
View All Result
The Biz Reporter
No Result
View All Result
Home Finance

Nearly 140 countries reach deal on corporate minimum tax

by Editor Desk
October 9, 2021
in Finance
0
Nearly 140 countries reach deal on corporate minimum tax
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

London, Oct 8 (AP) Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore havens where they pay little or no tax.

The agreement announced Friday foresees countries enacting a global minimum corporate tax of 15% on the biggest, internationally active companies. US President Joe Biden has been one of the driving forces behind the agreement as governments around the world seek to boost revenue following the COVID-19 pandemic.
The agreement was announced by the Paris-based Organisation for Cooperation and Economic Development, which hosted the talks.
The OECD deal is an attempt to deal with the ways in which globalisation and digitalisation have changed the world’s economy. Alongside the global minimum tax, the deal would let countries tax part of the earnings of companies whose activities don’t involve a physical presence, such as internet retailing or web advertising. (AP)

Editor Desk

Editor Desk

Next Post
Investors richer by over Rs 4.16 lakh crore in two days of market rally

Investors richer by over Rs 4.16 lakh crore in two days of market rally

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Careers
  • Contact
For Content related questions. editor@thebizreporter.com

©2021 The Biz Reporter - by Uzair.XYZ.

No Result
View All Result
  • Home
  • Latest
  • Lead Story
  • News
  • Business
  • Education
  • Finance
  • Food
  • Jobs
  • Opinion
  • Policies
  • Science & Tech
  • Sports
  • Travel

©2021 The Biz Reporter - by Uzair.XYZ.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In