136 nations agree to historic global minimum tax of 15% for corporations, Nigeria declines

More than 130 countries have signed up to a groundbreaking global deal on corporate tax reform, which would see corporations pay a tax rate of at least 15% to the countries where they earn. This is aimed at eliminating tax havens while bringing in additional $150 billion a year from multinationals.

Despite the reception from other countries of the world, Nigeria, Kenya, Sri Lanka, and Pakistan have held out of this agreement. Recall, in July Nairametrics reported that Nigeria abstained from signing the global tax deal

Meanwhile, the 136 nations also agreed to a two-year ban on imposing new taxes on tech groups such as Google and Amazon while the Joe Biden administration tries to ratify the deal in the US.

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