Tuesday, 19 October, 2021
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Macron hails global tax deal

Macron hails global tax deal

PARIS: French President Emmanuel Macron on Saturday hailed the “historic” agreement of 136 countries on setting a minimum tax rate for multinationals as a major advance in fiscal justice.

The OECD-brokered deal, which sets a global tax rate of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates, reports AFP.