130 Countries Back Global Minimum Corporate Tax of 15 Percent, Despite Vocal Opposition

130 Countries Back Global Minimum Corporate Tax of 15 Percent, Despite Vocal Opposition
Guests arrive at the OECD headquarters in Paris, France, on Nov. 27, 2013. Antoine Antoniol/Getty Images
Katabella Roberts
Updated:
Officials from 130 countries on June 1 agreed to establish a new framework for international tax reform, the Organisation for Economic Cooperation and Development (OECD) announced.

The two-pillar package would mean that multinational companies, including Big Tech, would be forced to pay a minimum 15 percent tax in each country they operate in, regardless of whether firms have a physical presence there.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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