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World / Europe

136 Countries Make Deal for Minimum Global Corporate Tax

Published Oct 09 2021 at 9:28 AM GMT
Greek Reporter

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Key
Points
  • Over 130 countries have come together to establish a new global corporate tax agreement.
  • The deal, which was announced on Friday, requires a 15% minimum corporate tax rate for the multinational companies with the largest revenues.
  • The plan is designed to stop huge companies from hiding out in low-tax countries.
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  • Published Oct 9, 2021 9:28 AM GMT