The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.

Multinational firms will have to pay a minimum of 15% tax on all of the profits they make worldwide, regardless of where the profits are generated.

  • fiat_lux@kbin.social
    2·
    1 year ago

    Understood! Thanks for the detailed insight, I appreciate it. I have witnessed business excess but I’m not in the financial professions, so the exact mechanics of how they get away with it were somewhat opaque to me. Breaking it up into small invoices across multiple companies and payments makes perfect sense though.

    It’s also nice to know there are accountants who take this seriously enough to personally check.