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Ramaphosa enforces 15% global tax for multinational companies: Prof. Deborah Tickle
6 months ago
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Politics
Ramaphosa
GlobalTax
MultinationalCompanies
DeborahTickle
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EconomicPolicy
CorporateTax
SouthAfrica
InternationalTax
Ramaphosa enforces 15% global tax for multinational companies: Prof. Deborah Tickle
President Cyril Ramaphosa has signed a law to enforce a 15% global minimum corporate tax rate for multinational companies that are paying less than 15% in corporate taxes on their earnings.
The act, signed into law last month on the eve of Christmas, forms part of a global tax movement for multinationals while cutting down on tax competition between countries. It is set to introduce significant changes to the way multinational corporations will be taxed
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