OECD Says 136 Nations Agree to Global Corporate-Tax Accord

The video discusses a global tax agreement, highlighting its two main pillars: a 15% global minimum tax and taxation based on sales location. The agreement, supported by Janet Yellen and President Biden, aims to standardize tax rates and address digital service taxes. While most countries have agreed, the U.S. faces challenges in Congress.

Who played a significant role in pushing the global tax agreement forward?

• Angela Merkel

• Janet Yellen

• Emmanuel Macron

• Christine Lagarde

What is the agreed global minimum tax rate mentioned in the first pillar?

• 20%

• 10%

• 15%

• 12.5%

Which country initially resisted but later agreed to the 15% tax rate?

• Italy

• France

• Ireland

• Germany

What is the revenue threshold for companies to be taxed based on sales location?

• €20 billion

• €15 billion

• €10 billion

• €25 billion

What challenge might the U.S. face with the second pillar of the agreement?

• Trade restrictions

• Higher corporate tax rates

• Loss of tax revenue

• Increased digital service taxes