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France, Germany, Italy, and Spain to Jointly Propose Global Minimum Tax for MNEs — Orbitax Tax News & Alerts

France, Germany, Italy, and Spain are reportedly preparing a joint proposal for a global minimum tax. Such a minimum tax is currently being discussed as part of the work of the OECD and the Inclusive Framework. The joint proposal is to include that MNEs are subject to an effective minimum level of taxation of at least 12% to 15%. Further details of the joint proposal will be published once available.