Will global tax reform make the world a fairer place?

Will global tax reform make the world a fairer place?

In April of this year, US President Joe Biden proposed a reform of the global tax system that would set a minimum global corporate tax of 15 per cent. Agreed upon by the Group of Seven (G7) nations in June, the G20 in July, and now backed by 131 countries worldwide, the potential agreement will be the biggest overhaul of the international tax system in decades. All going well, the new tax rules will be legally binding worldwide by the end of 2023.