Q&A of the Week April 20, 2022

Question:

What is the Global Minimum Corporate Tax?

Answer:

The Global Minimum Corporate Tax was signed in 2021 by 137 countries to ensure that big global companies never pay less than 15% in taxes.

The goal is to prevent countries from lowering tax rates to attract large multinational companies, which causes other countries to lose on global tax revenues.

This video explains more about the Global Minimum Corporate Tax: https://www.youtube.com/watch?v=v0MpPxVUqAY&feature=youtu.be