Corporations Could Pay Nearly 14% More Under Global Tax Deal

Companies worldwide could collectively pay almost 14% more in corporate income taxes annually if a global tax accord is fully implemented, according to new estimates from the International Monetary Fund.

The IMF’s projections foreshadow a sharp increase in corporate tax collections largely tied to a two-part pact struck last year with nearly 140 countries to implement a 15% minimum tax rate and an overhaul of some global taxing rights to require some of the largest companies to book income in the countries where revenues are generated.

The minimum tax would increase corporate tax payments worldwide about 5.7% -- or roughly ...