KPMG's Sarson on G7 Corporate Tax Deal

The video discusses the global minimum corporate tax proposal, which aims to ensure businesses pay fair taxes. It explains the mechanics of the tax, including how it applies to parent companies and subsidiaries, and the role of tax havens. The video also covers the shift towards taxing businesses based on where they operate rather than where they are headquartered. It examines the impact on multinational companies and concludes that while the changes are significant, they may not be revolutionary for all businesses.

What is the agreed minimum corporate tax rate discussed in the video?

• 25%

• 20%

• 10%

• 15%

Which organization is responsible for the global minimum tax agreement?

• International Monetary Fund

• OECD

• World Bank

• United Nations

What percentage of profits exceeding a 10% margin can countries tax according to the OECD proposal?

• 20%

• 25%

• 10%

• 15%

The new tax system shifts the focus from profit to what other factor?

• Research and Development

• Market share

• Employee count

• Sales

How are profits allocated under the new tax system?

• Based on R&D location

• Based on employee location

• Based on headquarters location

• Based on customer location

Which companies are most affected by the new tax rules?

• Small local businesses

• Medium-sized enterprises

• Non-profit organizations

• Large multinational companies

What is a potential consequence of the new tax rules for multinational companies?

• Elimination of corporate taxes

• Simplified tax calculations

• Increased tax disputes

• Reduced tax rates