"Worldwide Adoption of 15% Minimum Corporate Tax Expected to Boost Global Revenue by $220bn"

A new global minimum tax on multinational corporations has been implemented with the aim of raising up to $220 billion in additional revenue. This measure is designed to prevent large companies from shifting profits to low-tax jurisdictions, ensuring they pay a fairer share of taxes on their earnings. The initiative represents a significant shift in international tax policy, aiming to address the challenges of taxation in the digital economy and curb tax avoidance.