Current Affairs · International Economics
Consider the following statements regarding the OECD-finalised Global Minimum Tax framework: I. The global minimum tax agreement mandates a uniform 21% global corporate tax rate applicable to all multinational enterprises, irrespective of their revenue thresholds. II. The updated OECD agreement completely replaces the Pillar Two minimum tax rules, discontinuing the 15% minimum effective tax rate mechanism agreed upon under the BEPS initiative. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None✓
- 2Both I and II
- 3Only II
- 4Only I
Correct answer
None
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