WebOct 30, 2024 · Here’s a look at how the deal will work. A 15% global minimum tax. The most prominent feature of the deal is the 15% global minimum tax, which is expected to … WebOct 22, 2024 · The first part of that deal, known as Pillar One, ensures that the world’s 100 biggest companies pay taxes on their global operations and sales. It uses a complex formula in which 25 percent of the profits for companies with a profit margin of at least 10 percent and annual revenues of at least $20 billion will be divided up globally.

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