Global corporate tax plan gains momentum as nations seek post-pandemic windfall, but will poor countries lose out?

Apr 9, 2021 | INVESTING

Economic crises often spur breakthroughs, and this may again prove to be the case as a long-delayed plan to overhaul global corporate taxes gains momentum.Group of 20 (G20) finance ministers and central bank governors added impetus to the plan on Wednesday, stating that they are committed to reaching a deal on a global minimum corporate tax by midyear. Further progress came on Thursday when the Financial Times reported the United States calling for multinational companies to pay taxes based on…

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