The implementation of the reform creating a minimum tax on the profits of multinationals is a long road paved with pitfalls.
Adopted by an agreement signed with great fanfare under the aegis of the OECD (Organisation for Economic Co-operation and Development) in October 2021 by 136 countries, endorsed by the G20, it did not come into force at the beginning of this year , as expected at the time.
We are now talking about the beginning of 2024.
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Perhaps in order to encourage countries to join in, the OECD has just published an in-depth study on expected tax revenues.
And these would be higher than previous estimates.
According to very learned new calculations by economists from the international organization, the 15% tax (pillar 2 of the reform), would bring in 220 billion dollars (203 billion euros) on average per year, rather than the 150 billion previously expected.
This represents 9% of global corporate tax revenue.
This upward revision is due to a redefinition…
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