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Global minimum tax faces ‘long and rocky path’ to implementation after G20 endorsement

Summary:
[unable to retrieve full-text content]A new global minimum corporate tax could take up to five years to come into effect if endorsed by the Group of 20 (G20), with countries such as India likely to be beneficiaries, tax consultants say.G20 finance leaders are set to endorse a global corporate tax floor aimed at preventing multinationals from shifting profits to jurisdictions where they pay little or no tax when they meet next month, according to a draft communique reviewed by Reuters.No tax rate was mentioned in the document, but…

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[unable to retrieve full-text content]
A new global minimum corporate tax could take up to five years to come into effect if endorsed by the Group of 20 (G20), with countries such as India likely to be beneficiaries, tax consultants say.G20 finance leaders are set to endorse a global corporate tax floor aimed at preventing multinationals from shifting profits to jurisdictions where they pay little or no tax when they meet next month, according to a draft communique reviewed by Reuters.No tax rate was mentioned in the document, but…

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