A global campaign aims to enforce a minimum tax rate for multinational corporations, preventing tax avoidance through loopholes and profit shifting to low-tax jurisdictions, potentially recovering $240 billion lost annually to tax avoidance.
The OECD/G20 Inclusive Framework proposes a global minimum tax and shifting taxable income to where it is earned, ensuring fair corporate taxation. Some nations are already implementing these rules to combat tax evasion.
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