ECONOMY - FINANCE - BUSINESS / Taxation

Tax revenues will increase by between $155 and $192 billion each year, thanks to minimum corporate tax, according to OECD

Brussels, 10/01/2024 (Agence Europe)

The Organisation for Economic Co-operation and Development (OECD) presented, on Tuesday 9 January, an updated assessment of the economic impact of the global minimum tax on multinational enterprises, which has been applied in the EU since 1 January(see EUROPE B13320A17). This initiative is expected to generate additional tax revenues of between $155 and $192 billion each year, or between 6.5 and 8.1% of global tax revenues.

This tax will reduce global low-taxed profits by around 80%; from...