Not sure if people are aware that in July 130 countries have agreed to tackle MNCs particularly US companies and digital companies that do not pay any tax or under pay in the very countries that they have large revenues.
Since July one of the biggest culprit and hold-out, Ireland thru sheer pressure and after being shamed into oblivion signed. Its now 136 countries.
Its our bureaucrats and diplomats that help herd the cats.
Current hold-outs Kenya, Nigeria, Pakistan, and Sri Lanka.
Importantly it sets the global tax floor for corporates at 15%. All these are specifically aimed at the real big boys - EU20B in revenue, dropping to EU10B in 7 years. Note there are other rules.
After all these decades I will finally see part of my spend on US companies remaining in this country.
Since July one of the biggest culprit and hold-out, Ireland thru sheer pressure and after being shamed into oblivion signed. Its now 136 countries.
Its our bureaucrats and diplomats that help herd the cats.
Current hold-outs Kenya, Nigeria, Pakistan, and Sri Lanka.
Importantly it sets the global tax floor for corporates at 15%. All these are specifically aimed at the real big boys - EU20B in revenue, dropping to EU10B in 7 years. Note there are other rules.
After all these decades I will finally see part of my spend on US companies remaining in this country.
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