OECD hails 'victory' as holdouts join global tax reform
A global push to enact a minimum international tax on big corporations moved closer to reality on Friday as one of the last holdouts, Hungary, agreed to join a reform that now counts 136 countries. The Organisation for Economic Co-operation and Development (OECD)-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates. “Today’s agreement will make our international tax arrangements fairer and work better,” OECD Secretary-General Mathias Cormann said. “This is a major victory f...
Source: taipeitimes.com
