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136 nations seal deal on 15% min corporate tax rate

136 nations seal deal on 15% min corporate tax rate

Following years of intense negotiations, an agreement was reached among 136 countries and jurisdictions (which includes all Oecd member countries and G-20 countries) that Multinational Enterprises will be subject to a minimum 15 per cent global tax rate from 2023. Four countries - Kenya, Nigeria, Pakistan and Sri Lanka - have not yet joined the agreement.

from Times of India

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