Global minimum tax rate: What that means for Australia – Yahoo Finance Australia

A global minimum tax rate could soon become a reality as the Biden administration adds its voice to calls in support of the competition change.
Bidens proposal is calling on the biggest multinational companies to pay tax to local governments based on domestic sales. It comes as momentum grows towards a global minimum corporate tax rate.
If a standardised global corporate tax rate were to occur, it would mean the US President could increase corporate taxes to 28 per cent without worrying about losing…

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