View Author
June 2021
On June 5, 2021, the finance ministers of the G7 (Canada, France, Germany, Italy, Japan, the UK, and the US) announced their support for a global minimum tax of at least 15% and for the reallocation of 20% of the profits above a 10% profit margin for large multinationals. Jeff VanderWolk considers the implications.
*This article was first published in Bloomberg Tax on June 16, 2021.
*This article was first published in Bloomberg Tax on June 16, 2021.