How Giant Corporations Can Still Get Out of Paying Taxes ...Middle East

For decades, multinational corporations—especially those based in the U.S.—have funneled billions of dollars in profits to tax havens, earning even more money for their shareholders. That’s why a global agreement brokered in 2021 by the Organization for Economic Co-operations and Development (OECD) was a huge deal: it set a global minimum tax of 15% and included a few ways that countries could collect that tax even if tax havens and companies were not cooperating. [time-brightcove not-tgx=”true”] But corporations are already finding new ways to get around that agreement; a development that will end up reducing the amount of corporate taxes countries can collect by about half

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Last updated : 23 October 2023 clock 03:13 PM

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How Giant Corporations Can Still Get Out of Paying Taxes ...Middle East

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