G7: Proposal for a Global Minimum Corporate Tax

If there’s a way to avoid taxes, companies will find them – this especially true of multinational corporations who can easily set up operations in aptly named ‘tax havens’. However, this may soon not be so easy for these same corporations, with US President Biden suggesting at the G7 there should be a minimum global 15% corporate tax rate.

Gabriella Monteiro asked Michael Dirkis, Professor of Taxation Law at the University of Sydney what is the rationale behind the proposal for a global minimum corporate tax?

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