All G7 economies have scheduled domestic implementation of the global corporate tax rate of 15 per cent, says OECD Secretary-General Mathias Cormann.
Mr Cormann discussed the progress of the OECD’s ‘Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy’.
“Once you’ve got sizeable jurisdiction, like for example the European Union and a number of others, legislating for a global minimum tax … it becomes self-defeating and counterproductive for other countries not to follow suit,” Mr Cormann told Sky News Australia.Read More
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