Companies Should Get Minimum Tax Payments Back, Report Finds

Countries that enacted the global minimum tax would be best served giving some of that money back to companies as long as it keeps their tax rate no less than 15%, a report by a think tank affiliated with the Dutch economy ministry said.

The Netherlands Bureau for Economic Policy Analysis, an independent think tank known as CPB that is a part of the Dutch economy ministry, found the benefits of the global minimum tax are highest when countries reallocate revenue raised from the tax back to companies to counteract the negative economic effects of raising tax rates on companies’ ...