Insights

The G20 leaders agreed to a global minimum tax rate of 15%. In addition, 137 of the OECD member countries have committed to a major reform of the international tax system . This reform changes the current international taxation rules and ensures that multinational enterprises will be subject to a minimum 15% tax rate starting from 2023. The framework updates key elements of the international tax system and deals with tax issues that arise from the increasing digitalization of the global economy.