Global minimum tax rate agreed

Released 08 October 2021

The Government has confirmed that reforms will introduce a 15% global minimum rate along with changes to where large firms are taxed, aiming to become effective from 2023.

The reforms will mean multinationals pay their fair share of tax in the countries they do business (Pillar One), along with a minimum 15% corporation tax rate in each country they operate in (Pillar Two).

Further details can be found at https://www.gov.uk/government/news/chancellor-hails-global-cooperation-as-landmark-tax-reforms-aimed-for-2023.

0
Be the first to vote

Rate this article

Subscribe