OECD says global minimum tax boosted revenue, not job losses
SPY•US exemption not reflected in the 2024 data
Since the study covers only 2024, it does not reflect a subsequent agreement negotiated by the Trump administration that exempted U.S.-headquartered multinationals from key elements of the regime through a separate "side-by-side" arrangement that recognises the United States' existing minimum tax.
($1 = 0.8745 euros)
OECD says first-year revenue rose under global minimum tax
PARIS, July 15 (Reuters) - Countries applying a global minimum tax on multinational companies saw corporate tax revenues rise without a corresponding loss of jobs or investment, the Organisation for Economic Co-operation and Development said on Wednesday.
The global minimum tax was designed to curb a decades-long race to the bottom in corporate taxation by allowing countries to levy top-up taxes when profits are taxed below 15% elsewhere, reducing the benefits of booking profits in low-tax jurisdictions.
