BBCNEWS BBC News October 9, 2021 02:06:00
It is the most significant overhaul of the international tax system in a generation. after negotiations in paris headed by the 0ecd, an agreement was finally announced to provide a minimum rate of corporation tax. president biden says it will even the playing field around the world. here is how it will work. the minimum rate will be set at 15% — lower than the global average but higher than, for example, ireland's12.5% rate. 136 countries have signed up. 0nly kenya and nigeria, pakistan and sri lanka have refused. the organisation for economic co—operation and development, which brokered t...