The Organisation for Economic Co-operation and Development (OECD) and the Biden administration have brokered a compromise on the plan to introduce a global corporate tax regime with the three low-corporate tax states that had been holding out on the agreement. With Ireland, Estonia and Hungary now onboard, the ambitious measure
Zagreb has come out in support of the G20 political agreement based on a proposal to tax multinational companies. It will bring greater tax fairness, according to Croatia’s finance minister, Zdravko Marić, who said his country is in favor of the global mechanism that is planned to be enshrined
European Union decision-makers say efforts toward a global minimum corporate tax of 15% – which leaders endorsed at the Group of 20 (G20) summit last weekend – should continue forward, as it’s scheduled to be finalized at the end of October. That’s why the European Commission has put its own
In a global effort against “tax avoidance,” finance ministers from the G7 countries meeting in London last weekend have agreed on overarching rules that will oblige multinational corporations to pay a greater share of their global tax obligations. As part of their deal, the G7, a grouping of some of