Global minimum corporate tax rate has been reached: OECD

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By Leigh Thomas PARIS (Reuters) – A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and Development said on Friday. The OECD said four countries – Kenya, Nigeria, Pakistan and Sri Lanka – had not joined the agreement. “Today’s agreement will make our international tax arrangements fairer and work better,” OECD Secretary-General Mathias Cormann said in a statement. “This is a major victory for effective and balanced multilateralism.” The OECD said that the mi…

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