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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

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An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.

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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog saysWASHINGTON (AP) — An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a...
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