The Organisation for Economic Cooperation and Development on Friday announced a major breakthrough over corporate tax rates, after years of disagreement.
Notably that the rate of 15% will not be increased at a later date, and that small businesses will not be hit with the new rates.
US Secretary of State Antony Blinken speaks past OECD Director of Council and Executive Committee Secretariat Silvia da Rin Pagnetto during a closing session at the Organisation for Economic Cooperation and Development's Ministerial Council Meeting in Paris on October 6, 2021.The Organisation for Economic Cooperation and Development on Friday announced a major breakthrough on corporate tax rates, after years of disagreement..
The breakthrough comes after some changes were made to the original text, notably that the rate of 15% will not be increased at a later date, and that small businesses will not be hit with the new rates.— a long-time opponent of raising corporate tax rates — to get on board with the plan.
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