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A global corporation tax rate: Understanding the OECD's proposal

This report provides a summary of the key parts of the proposals and the issues which should be monitored over the next 18 months

Proposals by the Organisation for Economic Co-operation and Development (OECD) to reduce the use of low tax rate jurisdictions by large multinationals to lower their global tax liabilities are gathering pace. 


More than 130 countries and jurisdictions, representing over 90% of global GDP, have now signed up to the OECD’s Inclusive Framework for international tax reform and a global minimum rate of corporation tax – with the G7 nations recently agreeing to push for that minimum to be set at 15%. 


The proposals will mean the biggest shakeup in corporate tax in living memory, but there are highly complex technical issues that will need to be addressed if these reforms are to be implemented in 2023.


This report provides a summary of the key parts of the proposals and the issues which should be monitored over the next 18 months, including: 

  • Why the OECD is proposing a minimum global corporation tax rate?
  • How the minimum tax rate will operate?
  • The possible impact of “Additional Taxing Rules” on large multinationals
  • The key milestones to look out for between now and 2023

 

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