Welcome

Global 15% Minimum Tax Would be Too Low, Countries Say (1)

June 28, 2021, 3:02 PM; Updated: June 28, 2021, 5:54 PM

Argentina and Nigeria are pushing back against a proposed 15% global minimum tax rate, saying it’s not high enough to address global issues.

Argentina’s Minister of Economy Martin Guzman on Monday said the 15% rate is “way too low.” And Matthew Gbonjubola, head of international tax at the Federal Inland Revenue Service of Nigeria, said a 15% rate would be unlikely to benefit African countries where the average rate is 28%. They spoke at an event hosted by the Intergovernmental Group of 24 developing countries and the Independent Commission for the Reform of International Corporate Taxation.

To read the full article log in. To learn more about a subscription click here.