The global minimum tax on large companies would generate more than US $ 200,000 million a year

“This amount is significantly higher than the previous OECD estimate of additional tax revenue” from the 15% global minimum tax on corporate profits, “which It was $150 billion.”

The upward revision of income anticipated is due in part to “higher profitability of multinationalssaid the Paris-based OECD.

The organization had warned in November about the risks involved in tax evasion.

The global minimum tax on corporate profits is the result of a agreement sealed in 2021 by nearly 140 countries under the auspices of the OECD.

The measure is structured on two pillars.

• One of them is the minimum tax rate of 15% for companies.
• The other pillar seeks that income paid by big companies arrive in the countries where they earn their income and not where they have their registered office, thus limiting the controversial tax optimization practices.

According to the OECD, the latter “should translate into a increase in annual tax revenue of between 13,000 and 36,000 million dollars”, an estimate that is also “significantly higher than previous ones”.

However, to benefit from this excess tax revenue, States must previously sign an international agreement, which has not yet been finalized.

The project in particular sought tax big tech whose tax headquarters are located in countries with low taxes, such as Ireland, to avoid taxing both in their country of origin and where they have their operations.

One of the great promoters of this project was the current Prime Minister and former Finance Minister of the United Kingdom, Rishi Sunak. The finance ministers of the G7, the G20 and the European Union had approved promoting a project that would set a tax floor of 15%.