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Global tax reform is on track, but hurdles remain

Location:

INTERNATIONAL

More than 130 countries have agreed rules to allow the minimum taxation of excess corporate profits and a formula for allocating revenue shares by country. However, several EU…

Global minimum tax on corporate profits is going ahead

Location:

INTERNATIONAL

Progress was made on the technical details of Pillar 1, the reallocation of taxing rights from host countries to those where a multinational operates, but US opposition has…

A fragile agreement on global tax reform is near

Location:

INT

Political pressure for tax reform has increased as many large tech firms, in particular, have made large profits during the pandemic, and many countries need to raise tax revenues…