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Global tax reform may add $250 bn a year to public coffers, estimates OECD

The Paris-based organization said it is revising up calculations of potential fiscal gains based on data showing more profits of the biggest global companies would be captured

Mathias Cormann, secretary-general of the Organization for Economic Cooperation (OECD)
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Mathias Cormann, secretary-general of the Organization for Economic Cooperation (OECD)

William Horobin and Isabel Gottlieb | Bloomberg
The world’s governments stand to increase their collective tax revenues by about $250 billion a year by enacting a deal to rewrite the rules for multinational corporations, according to new estimates from the OECD. 

The Paris-based organization, which oversaw talks on the 2021 agreement between around 135 countries, said it is revising up calculations of potential fiscal gains based on data showing more profits of the biggest global companies would be captured. 
 

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First Published: Jan 18 2023 | 9:43 PM IST

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