Investors looking for tax transparency against backdrop of landmark global reforms

Earlier this month, the world’s leading economies inked a historic deal to rewrite the rule book on taxation. The deal, signed by 136 nations[1] including all G20 countries, will introduce a global minimum corporate tax rate of 15% and grant countries new rights to tax large companies based on where they earn their revenues, rather than where they are located.[2] 

 The culmination of more than four years of development and negotiation, the agreement arguably represents the most significant change to the international tax system for a century. US Treasury Secretary Janet Yellen noted it was “a once-in-a generation accomplishment for economic diplomacy.” [3]

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