https://www.scmp.com/rss/510262/feed Tommaso Faccio is lecturer in accounting at Nottingham University Business School and head of the secretariat of the Independent Commission for the Reform of International Corporate Taxation. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The July 1 agreement by 131 jurisdictions to establish a global minimum tax rate of at least 15 per cent for multinational corporations (MNCs) and reallocate taxing rights is a step forward. But the deal as it stands represents another missed opportunity to deliver an equitable outcome for developing countries. It is good that multilateral efforts to reform global taxation are back in favour. This is largely because US President Joe Biden’s administration wants to end the race to the bottom in... https://www.scmp.com/comment/opinion/article/3140280/how-secure-fairer-tax-deal-world-not-just-rich-countries?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3140280/how-secure-fairer-tax-deal-world-not-just-rich-countries?utm_source=rss_feed Thu, 08 Jul 2021 08:30:19 +0000