World leaders reach landmark deal on a global corporate tax rate

Posted on AllSides October 8th, 2021
From The Center
Patrick Semansky | AFP | Getty Images

The Organization for Economic Cooperation and Development on Friday announced a major breakthrough on corporate tax rates, after years of disagreement.

The group of developed nations agreed to a global minimum corporate tax rate of 15%. This marks a huge shift for smaller economies, such as the Republic of Ireland, which have attracted international firms — to a large extent — via a lower tax rate.

“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...

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https://www.cnbc.com/2021/10/08/oecd-reaches-deal-on-corporate-tax-after-ireland-agrees.html

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