Global Deal’s 15% Minimum Tax Seeing Pickup Around the World (Correct)

The world’s largest companies are poised to face a 15% minimum tax under a 2021 deal to overhaul global tax rules as more countries begin to implement the measure.

Nearly 140 countries signed onto the OECD-led deal, which included agreement on the minimum tax, known as Pillar Two. The measure is designed to be implemented domestically by governments. After the EU clinched agreement late last year on a directive requiring all its member countries to adopt the rules by the end of this year, a wave of other countries have begun to follow.

“Momentum is rapidly building around the global ...