Will the 15% global corporate tax rate be bad for developing countries? by Jon Whiteaker published by Investment Monitor (7/2022).
“The OECD plans to introduce a global minimum corporate tax of 15% have attracted criticism for the impact they may have on developing countries.
There is significant disquiet over the impact, particularly on developing countries, of the OECD’s base erosion and profit shifting (BEPS) rules, which aim to introduce a minimum global corporation tax of 15%.
Opposition to the proposals was voiced by several panellists at AICE 2022, a World Free Zones Organization conference held in Jamaica at the end of June 2022. Many developing countries have historically relied on tax incentives to attract foreign direct investment (FDI), and there is a perception that poorer countries are being bullied into these reforms by the rich world…”
