Global Tax

Last week at the United Nations, countries endorsed new guidelines for an international tax system under the UN's umbrella. Our expert Kudzai Mataba, who observed the negotiations, provides an in-depth look at the progress, the divergent priorities of developed and developing nations, and the challenges ahead for global tax cooperation.

International tax law operates within a decentralized regime, where sovereign states are formally independent in making their tax rules. Yet, in the contex

The Global Tax Program (GTP) leads an ongoing program of activities at both international tax and country levels focused on strengthening tax institutions and mobilizing revenues at the international and domestic levels.

The global minimum tax, which is based on the Global Anti-Base Erosion (GloBE) Model Rules, ensures that large multinational enterprises pay a minimum level of tax on their income in each jurisdiction where they operate, thereby reducing the incentive for profit shifting and placing a floor under tax competition, bringing an end to the race to the bottom on corporate tax rates.

Treasury secretary says the Biden administration does not back movement within the G20 to tax ultrawealthy on their net assets.

Pressure is growing to raise taxes on the world’s superrich, and the United Nations has an opportunity to turn this momentum into irreversible change.

The coordinated push would tax the world’s ultrarich 2% of their wealth annually, and could generate $250 billion in revenue for governments per year, according to a new report.

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

GENEVA  – As the leaders of the 19 member countries plus the African Union and the European Union gather in Rio de Janeiro, Brazil for the G20 Leaders' Summit, two UN experts called on G20 leaders to tax the super-rich to fill the gaps in financing the Sustainable Development Goals. They issued the following statement:

16 August 2024 - The global tax system needed reform, and the UN answered the call on Friday with a blueprint for a new universal tax accord that represents an historic step towards changing the financial landscape.

In this article, we'll provide you with key information on global income tax, the worldwide tax system, and the territorial tax system.

Learn the importance and future of global minimum tax (GMT) in order to choose the right solution for your business.

Global taxation has arrived. Australia’s draft legislation to implement the OECD’s Pillar Two Global Anti-Base Erosion (GloBE) rules will place a 15% floor on the tax that large multinationals will pay in any particular jurisdiction.