Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory
An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union (EU) has warned. The landmark…