Plan to implement tax floor of 15%

A landmark deal by the Group of Seven nations will see a global minimum corporate tax of at least 15% and changes to ensure that some of the world’s biggest companies pay their taxes


Corporate tax rates (percentage, 2020)
France					32
Australia, Mexico, Portugal		30	
New Zealand				28
Austria, Belgium, Netherlands, Spain	25
Greece, Italy				24
Denmark, Norway, Turkey			22
U.S.					21
Estonia, Finland, Iceland, Latvia	20
Czech Rep., Poland, UK			19
Germany					15.8
Canada, Lithuania			15
Ireland					12.5
Hungary					9


Companies that don’t pay U.S. statutory rate of 21%
Apple 		14.9% 
Nike 		14.4% 
Microsoft 	14.0% 
Amazon 		13.8% 
Nvidia 		2.6%
       
 
Proposed minimum tax rate
         

Sources: Bloomberg, Reuters, OECD 
© GRAPHIC NEWS