Before the Biden proposal, the Organisation for Economic Cooperation and Development (OECD) said a global minimum rate could boost the global tax take by US$100 billion. That figure would be significantly greater if the US plan takes effect. Photo: AP
Before the Biden proposal, the Organisation for Economic Cooperation and Development (OECD) said a global minimum rate could boost the global tax take by US$100 billion. That figure would be significantly greater if the US plan takes effect. Photo: AP

Joe Biden’s push for near 21 per cent global minimum corporate tax ‘ possible’, top official says

  • Biden administration’s plan has turbocharged negotiations at the Organisation for Economic Cooperation and Development (OECD) on how to overhaul rules
  • The 139-nation OECD have set the summer as a target for getting a deal that could deliver a significant boost to tax revenues

Before the Biden proposal, the Organisation for Economic Cooperation and Development (OECD) said a global minimum rate could boost the global tax take by US$100 billion. That figure would be significantly greater if the US plan takes effect. Photo: AP
Before the Biden proposal, the Organisation for Economic Cooperation and Development (OECD) said a global minimum rate could boost the global tax take by US$100 billion. That figure would be significantly greater if the US plan takes effect. Photo: AP
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