Key Metrics
13.15
Heat Index-
Impact LevelMedium
-
Scope LevelGlobal
-
Last Update2026-01-05
Key Impacts
Positive Impacts (3)
Negative Impacts (3)
Event Overview
An international agreement aims to prevent profit shifting by large multinational corporations. The plan introduces a global minimum tax rate, with an exception for certain U.S.-headquartered companies. This marks a significant step in international tax collaboration and regulation.
Collect Records
Nearly 150 Countries Agree on OECD Plan to Stop Profit Shifting by Multinationals
Nearly 150 countries have agreed to a plan announced by the Organisation for Economic Co-operation and Development (OECD) aimed at preventing large multinational companies from shifting profits to low-tax countries. According to the revised plan, large multinational companies headquartered in the United States will be excluded from the 15% global minimum tax rate. The Secretary-General of the OECD, Mathias Cormann, called this agreement a 'milestone in international tax cooperation' and emphasized that it enhances tax certainty, reduces complexity, and protects the tax base. U.S. Treasury Secretary Janet Yellen described it as a historic victory in protecting U.S. sovereignty and supporting American workers and businesses.