136 countries agree to 15% minimum global corporate tax rate

More than 130 countries have signed up to a groundbreaking global deal on corporate tax reform, which would see corporations pay a tax rate of at least 15% to the countries where they earn. This is aimed at eliminating tax havens while bringing in additional $150 billion a year from multinationals.Despite the reception from other countries of the world, Nigeria, Kenya, Sri Lanka, and Pakistan have held out of this agreement. Meanwhile, the 136 nations also agreed to a two-year ban on imposing new taxes on tech groups such as Google and Amazon while the Joe Biden administration tries to ratify …

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