The Group of 20 nations — which signify about 90% of the worldwide economic system — finalized key particulars in October. To date, 136 nations have signed on, out of 140 nations concerned in negotiations overseen by the Group for Financial Cooperation and Growth, with Kenya, Nigeria, Pakistan, and Sri Lanka holding out. Crucially, these now on board embrace Eire and Hungary, which till now have benefited from having a few of the lowest company tax charges in Europe. One other European holdout, Estonia, has additionally signed on.
https://www.washingtonpost.com/enterprise/a-new-way-to-tax-global-corporations-explained/2021/10/15/db9e5b54-2df1-11ec-b17d-985c186de338_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | A New Option to Tax International Firms, Defined