How to Secure a Fairer Global Tax Deal
The recent agreement by 131 countries to reform international corporate taxation is not the end of the road. But to bring about a more equitable outcome, developing countries must now push for a higher global minimum tax rate and a bigger reallocation of taxing rights, and refuse mandatory arbitration.
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NEW YORK/NOTTINGHAM – The July 1 agreement by 131 countries to establish a global minimum tax rate of at least 15% for multinational corporations (MNCs) and reallocate taxing rights is a step forward. But the deal as it stands represents another missed opportunity to deliver an equitable outcome for developing countries.