OECD hails ‘victory’ as holdouts join global tax reform‘HISTORIC MOMENT’: A 15 percent global tax on corporations is to take effect in 2023, but Oxfam called it a capitulation to tax havens such as IrelandAFP, PARISA global push to enact a minimum international tax on big corporations moved closer to reality on Friday as one of the last holdouts, Hungary, agreed to join a reform that now counts 136 countries. “Today’s agreement will make our international tax arrangements fairer and work better,” OECD Secretary-General Mathias Cormann said. The OECD said Kenya, Nigeria, Sri Lanka and Pakistan are the last holdouts among 140 countries that have negotiated the tax. It was a step “to ensure that the international tax rules reflect today’s global economy,” association vice president Christian Borggreen said in a statement. Instead it was written by them,” Oxfam tax policy expert Susana Ruiz said.

Source: Taipei Times October 09, 2021 15:56 UTC