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International tax reform
23 June 2021 Julia Ascott, Employment Taxes Specialist
The weekend before the G7 summit, G7 Finance Ministers slightly upstaged the event by announcing a new agreement on international tax reform. A 15% global minimum corporate tax rate was agreed, an agreed tax reallocation principle to ensure the biggest multinationals pay a fair allocation of tax where profits are sourced and repealing unilateral DST. The details are more thoroughly discussed in this KPMG article that heralds cautious optimism; major progress has been made but there is a great deal of complex work yet to be completed.
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23 June 2021 
Julia Ascott, Employment Taxes Specialist
