Global tax deal for the rich ...Qatar

Historic, game-changing, revolutionary: such has been the widespread reaction to the recent agreement by G7 finance ministers on a global minimum effective tax rate of “at least” 15% for large multinational firms. The ministers also agreed on a new formula for apportioning a share of tax revenues from these companies among countries. But whatever global tax deal eventually emerges should reflect the interests of the world – including the developing countries – and not just those of seven large, developed economies. The developing world relies more heavily on corporate tax revenue and has thus been hit harder by multinationals’ tax avoidance, which results in global revenue losses of at leas

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