The Global Minimum Corporate Tax and What It Means for Singapore

In the OECD’s latest announcement, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting released more details on the implementation of the two-pillar solution to address tax challenges arising from the digitalisation of the economy.

The Two-Pillar Solution is aimed at ensuring multinational enterprises (MNEs) will be subject to a minimum tax rate of 15%, and will re-allocate profits of the largest and most profitable MNEs to countries worldwide.

This interview first aired on Money FM 89.3 on 14 October and was published on Money FM 89.3's website on 15 October 2021.