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Global minimum corporate tax of 15 percent seeks to end downward spiral of corporate tax rates
For Saudi and other GCC policymakers, the devil will be in the detail of the new tax proposals
Updated 42 min 23 sec ago
Frank Kane
June 12, 2021 19:43
DUBAI: The threat seemed clear. The low-tax countries of the Middle East would have to fall in line with the high tax-and-spend economies of Europe and North America, and impose big tax increases that would threaten their global competitiveness.
But although initially hailed as “historic,” when the experts and policymakers got down to the nitty-gritty of the recent Group of Seven (G7) proposals for a uniform global corporate tax system, they seemed more inclined to ask what all the fuss was about.

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