imported>Doug Williamson |
imported>Administrator |
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| ''Tax - profit shifting.''
| | A quantitative ranking of a financial institution’s level of service and customer responsiveness. |
| | | The use of report cards is widely applied to measure financial institutions’ service levels. |
| (GMT).
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| The concept of a global minimum corporation tax rate is to reduce, or eliminate, the benefits to multinational corporations of profit shifting.
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| :<span style="color:#4B0082">'''''Global minimum tax'''''</span>
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| :"Finance Ministers from the Group of Seven (G7) rich nations reached a landmark accord... backing the creation of a global minimum corporate tax rate of at least 15%, an agreement that could then form the basis of a worldwide deal...
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| :The global minimum tax rate would apply to overseas profits. Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could “top-up” their taxes to the minimum rate, eliminating the advantage of shifting profits.
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| :The OECD said last month that governments broadly agreed on the basic design of the minimum tax but not the rate. Tax experts say that is the thorniest issue, although the G7 accord creates strong momentum around the 15%-plus level."
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| :''The Journal of Accountancy, June 2021.''
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| == See also == | | == See also == |
| | * [[Key performance indicator ]] |
| | * [[Service level agreement]] |
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| * [[Base erosion and profit shifting]]
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| * [[Corporation Tax]]
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| * [[G7]]
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| * [[Multinational corporation/company]]
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| * [[Organisation for Economic Co-operation and Development]] (OECD)
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| * [[Profit shifting]]
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| * [[Tax avoidance]]
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| * [[Tax evasion]]
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| * [[Tax rate]]
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| * [[Transfer pricing]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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