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Asia and Global Tax 15%

In June 2021, 130 nations and territories have reached a broad agreement, publishing a statement, about the establishment of a minimum global tax of 15% on corporate income, targeting about 100 big-tech companies making at least 23.7 billion USD (20 billion EUR) in revenue with a profit margin of 10%.

The detailed plan would be put forward for a final agreement by October 2021, aiming at putting the new mechanism into force in 2023.