Historic Digital Age Tax Deal Struck by International Community at G20 Summit

After a decade of talks led by the Organisation for Economic Co-operation and Development (OECD) a substantial majority of the world’s nations agreed on Friday (08 October 2021) to subject multinational enterprises (MNEs) to a minimum tax rate of 15% from 2023. Hungary, Estonia and Ireland initially disagreed with the new global tax regime but […]

15 Percent Minimum Global Tax Rate on Multinational Companies Agreed to at G7 Summit

What is the G7 tax deal and how did it come about? A landmark tax deal was reached at a summit attended by the United States, Britain and other sizeable, wealthy nations who compose the G7 (Group of Seven – The G7 includes the United States, Japan, Germany, Britain, France, Italy and Canada). The summit […]