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2024-02-05

【Cross-Border Tax】

OECD: Global minimum tax will have significant effect on high-tax jurisdictions’ revenues

The OECD has issued statistics showing that multinational enterprises (MNEs) are continuing to report low-taxed profit even in jurisdictions with high corporate tax rates. Some 37.1 per cent of MNEs' global net profits are taxed at effective tax rates below 15 per cent, it says, <登入> more than half of this in high-tax jurisdictions. The organisation says the figures underline the need for global tax reform, particularly the global 15 per cent Pillar Two minimum tax rate on the profits of large MNEs agreed by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).


News Source:【OECD 2023/11/21】

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