ISLP and the International Institute for Sustainable Development (IISD) recently launched A Guide for Developing Countries on How to Understand and Adapt to the Global Minimum Tax. The Guide provides policy makers with a user-friendly framework to understand the complexities of the global minimum tax, how it may affect them, and how to adapt their domestic tax policy in response – all important considerations regardless of whether a government chooses to adopt the global minimum tax.
About 140 countries have signed up to the global minimum tax (GMT), which has the potential to combat tax competition and help governments collect their fair share of revenue from multinational corporations. A number of countries have indicated their readiness to implement the 15% minimum tax on worldwide corporate income in 2024. In response, many countries will need to adapt their domestic tax policies to protect their tax base.
ISLP and IISD are positioned to assist countries in navigating these reforms in the international tax landscape by providing an objective assessment and perspective of the GMT to enable governments to make decisions that best suit their economic and legal contexts.
If you’re a policy maker and you’d like to learn more about the legal support we can provide related to the Global Minimum Tax or other taxation issues, please reach out by email to info@islp.org and put “global minimum tax” or “taxation” in the subject line. We look forward to hearing from you!
