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G20 leaders endorse deal on minimum corporate tax that could make rich states richer, but leave poor ones in the dust

October 30th, 2021
Categories: News

Link: https://www.rt.com/business/538943-g20-endorce-minimum-corporate-tax/

The move will set a minimum tax of 15% on multinational corporations across the globe, G20 leaders also see the tax minimum as a means to offer stability to firms that operate internationally. The rate will only apply to corporations with more than $850 million in annual revenue. It is expected to raise around $150 billion in global tax revenue every year,

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