K-Battery Companies Worried about OECD’s New Global Minimum Tax Policy
The global minimum tax policy imposes a minimum corporate tax of 15 percent on multinational companies with annual global revenue exceeding 1 trillion won.
global minimum tax policy
Global corporate tax competition challenges climate change mitigation – Nature Climate Change
Countries have cut their corporate tax rates to attract foreign investment, leading to global changes in corporate tax rates. In 2021, OECD countries approved a global minimum tax policy to prevent tax competition. Implementing a global minimum tax rate of 15% could reduce global carbon emissions and decrease emissions in developing economies.