GLOBAL minimum tax (GMT) and qualified domestic minimum top-up tax (QDMTT) were mentioned in the Finance Minister’s Budget 2023 speech on Oct 7. With Parliament being dissolved on Oct 10, there ...

HONG KONG -- Hong Kong's Legislative Council on Wednesday passed a bill enabling the implementation of the global minimum tax (GMT) and the Hong Kong minimum top-up tax (HKMTT) in Hong Kong from ...

Hong Kong's Legislative Council on Wednesday passed a bill enabling the implementation of the global minimum tax (GMT) and the Hong Kong minimum top-up tax (HKMTT) in Hong Kong from Jan. 1, 2025 ...

The Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024, formulated in accordance with the Base Erosion & Profit Shifting 2.0 (BEPS 2.0) package promulgated by the ...

If a company pays less than 15% in any country, other nations where it operates can charge a supplementary tax to meet that minimum. However, implementation faces significant obstacles. So far ...

National Treasury will consider all kinds of tax measures for 2026, but businesses and companies should escape the taxman’s ...

Across two episodes, The 15% solution explores why a new global tax regime is needed, whether it can fix a broken system, and what’s at stake if it fails. Part two will be published on June 6.

15% Minimum Tax “Way Too Low” While the OECD-led global minimum tax deal aims to reduce tax competition between countries, activists argue the 15% rate is insufficient. “We believe 15% is ...

Trump Pushes Back on Global Tax Deal. By. ... U.S.-based multinational companies are paying less than 15% in the U.S. Companies and Republicans have objected to the minimum-tax deal, ...

A group of Canadian business associations are pressing Prime Minister Mark Carney to pause the implementation of ...

Model rules for the Pillar Two – a global minimum tax of 15% – were released in December 2021. So far more than 40 countries have taken steps to enact the tax and others are working on the ...