Devex cited Eric LeCompte on the recent agreement by 136 countries for a new global corporate minimum tax rate. Read an excerpt below and the full article here.
Devex Invested: Can business really solve global problems?
By Adva Saldinger
On Friday, 136 countries agreed to a new 15% global corporate minimum tax rate that would make it harder for companies to avoid paying taxes, according to the Organisation for Economic Co-operation and Development. It was not agreed to by four lower-income nations involved in the process: Kenya, Nigeria, Pakistan, and Sri Lanka.
While high-income countries will benefit more than their low-income counterparts in this deal, it is a “step in the right direction” and could help middle-income countries, Eric LeCompte, the executive director at Jubilee USA Network, tells me.
Read more here.