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On 8 October 2021, the Inclusive Framework of the OECD, in which 140 member countries including Switzerland participate, specified the July 2021 key parameters for the future taxation of large, internationally active companies.
<p><span>The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever they operate and generate profits.</span></p>
A global agreement on tax rules comes a day after the Cabinet agreed to raise Ireland’s corporate tax rate from 12.5% to 15%
08/10/2021 – Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be
The two-pillar package deal will give rights to countries, including India, to tax large digital players, besides setting a global minimum corporation tax of 15 per cent.