Reflections on the OECD Global Tax Reform Deal

Diane DeCesare of Drucker & Scaccetti is a member of XPX Philadelphia

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The landmark Organisation for Economic Cooperation and Development (OECD) deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, aims to ensure all multinational enterprises (MNEs) will be subject to a minimum of 15% tax rate starting in 2023. It also reallocates more than $125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide.

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Updated: November 12th, 2021

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