Implementing the Global Minimum Tax, a key component of Pillar Two seeks to establish a minimum 15 per cent tax rate for large multinational enterprises. By adopting the OECD's detailed guidance ...

Mon, February 17, 2025 Published on Feb. 16, 2025 Published on 2025-02-16T11:11:33+07:00 ...

The Philippines is making strides toward adopting the Global Minimum Tax (GMT), an international tax standard designed to curb revenue losses and foster fair competition. In a significant discussion ...

The global minimum tax is an international tax reform initiative developed by the Organization for Economic Co-operation and Development (OECD) and the G20 to ensure multinational corporations ...

Gazetted on Tuesday, 24 December 2024 and effective from Monday, 1 January 2024, the Act significantly alters the landscape of corporate income tax for MNEs in South Africa, impacting their tax ...

Updated - August 13, 2024 at 09:26 PM. An estimate by the Tax Justice Network in 2021 suggested that governments worldwide lose around $483 billion to tax havens every year ...

The corporate tax landscape is undergoing a seismic shift, globally, with the advent of the Global Minimum Tax, also known as Pillar Two. By 2024, this initiative had been adopted by 30-plus ...

BERLIN, May 24 (Reuters) - The implementation of the second pillar of the global minimum tax deal is Germany's priority and further ideas should not be discussed until there is an agreement on the ...

STRESA, Italy, May 24 (Reuters) - An accord over a global minimum tax on multinationals will not be finalised by June as previously planned, Italy's Economy Minister Giancarlo Giorgetti said ahead ...

Treasury Secretary Janet Yellen on Tuesday defended a global corporate tax deal against Republicans' accusations that it would siphon away U.S. revenues and said she was working to carve out an ...

The international agreement on a corporate minimum tax is a milestone in global corporate tax arrangements. The minimum tax disturbs the equivalence between otherwise equivalent forms of efficient ...

PARIS: France wants a new push for a global minimum tax on the super-rich, building on the success of a 15 per cent minimum on multinationals taking effect this year, Finance Minister Bruno Le ...