Global minimum corporate tax and impact on tax treaty shopping

Plans to introduce a global minimum corporate tax rate will have repercussions for users of tax treaties, warns León Fernando Del Canto, an expert in international tax and head of Del Canto Chambers

 

The G7, and later the G20, met in June 2021 to sign a new tax agreement designed to stop multinational and online tech companies from avoiding tax in many of the countries in which they operate by seeking out favourable tax havens elsewhere. The deal was rubber-stamped by some 130 nations, with plans to introduce an international tax on multinational companies, setting, among other measures, a global minimum tax rate of 15%.

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