Faced With COVID-19, Africa Shouldn’t Worry About Debt, But How to Make Tax Evaders Pay | The Smirking Chimp

That is why we are instead advocating for the introduction of a minimum global effective corporate tax rate of 25 percent. Any multinational company that accounts for its profits in a tax haven would be taxed in its home country at this minimum rate. This would reduce the incentive for multinationals to transfer their profits to tax havens.

Faced With COVID-19, Africa Shouldn’t Worry About Debt, But How to Make Tax Evaders Pay | The Smirking Chimp