Global Tax Overhaul Nears Historic Deal Ahead of G20 Meeting

Global Tax Overhaul Nears Historic Deal Ahead of G20 Meeting

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Business

University

Hard

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The transcript discusses the OECD's new tax framework, which introduces a minimum 15% tax rate for global companies and reallocates tax rights to the jurisdictions where services are provided. While 130 out of 139 OECD countries have agreed, some, including Ireland, have reservations due to economic impacts. The agreement sets the stage for a G20 deal, but consensus is not yet achieved.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How many countries out of the OECD members agreed to the new tax framework?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns did the Irish Government express regarding the proposed minimum corporate tax rate?

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