G20 finance ministers also ponder global corporate tax

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Changes to how multinational companies and giant tech firms are taxed globally may be on the horizon, resulting in a curbing of investment in lower corporate tax jurisdictions.

In the wake of the US Treasury secretary’s recent proposal to introduce a global corporate tax rate, now finance ministers from the G20 may also be entertaining the idea, with France and Germany having also recently expressed their support for an international base rate. Through the OECD, countries are working on proposals for corporate tax reform that would be presented at the G20 meeting scheduled for this summer.

Source: Guardian