OECD sees global minimum tax reshaping investment flows
PARIS (Reuters) – The introduction this year of a global minimum corporate tax will reshape the flow of multinationals’ foreign investments as the benefits from booking profits in tax havens disappear, an updated OECD impact study showed on Tuesday. First agreed in a landmark 2021 deal between 140 countries, the global minimum tax rate goes live this year with 36 countries already introducing laws setting a 15% floor on corporate taxation and more to follow. In a bid to limit tax competition between countries, the deal allows governments to apply a top-up tax to the 15% level on any profits