136 countries agree a global minimum corporate tax rate of 15%
What happened. On 8 October 2021 OECD and G20 members announced a two-pillar agreement on international tax, including a minimum effective corporate tax rate of at least 15% for large multinationals and reallocating some taxing rights to market countries.
Why it matters for investors. The agreement affected tax planning by large multinationals and prompted countries to revisit digital-services taxes, with implementation timelines extending beyond 2023.
Event date: 8 Oct 2021. Source: OECD/G20 Inclusive Framework statement.
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