Despite the safeguards put in place, the upcoming global tax reform will not benefit all countries in the same way.
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This reform will result in
“an increase in the tax paid by the foreign subsidiaries of multinationals from 15% to 20% in the countries where they are active.
Developing and developed economies should benefit from the increase in these revenues
,” said the UNCTAD (United Nations Conference on Trade and Development) in a report published last week.
Decline in investments
However, this could also encourage multinationals to invest less and
“generate a drop in foreign direct investment (FDI) of around 2%”.
“As competition shifts from taxation to other levers of investment, many less advanced countries could be at a disadvantage.”
They risk not
“being able to make the large initial expenditure necessary”,
in the field of infrastructure in particular, worries the UN body which…
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