<story><title>EU adopts global minimum 15% tax on big business</title><url>https://www.bbc.com/news/business-64004673</url></story><parent_chain></parent_chain><comment><author>martinald</author><text>This isn&amp;#x27;t really as big a deal as it&amp;#x27;s been made out to be, IMO.&lt;p&gt;This is Pillar 2 of the OECDs tax reform for corporations.&lt;p&gt;Pillar 1 is much more interesting, and would require corporations to actually book profits where they are made (so not putting everything through Ireland for example). This will have a much bigger impact imo than this 15% ruling, because right now there are a bunch of tricks you can use to get round any tax rate.&lt;p&gt;For example, even though Ireland&amp;#x27;s headline tax rate is currently 12.5%, the effective rate after all the tricks for many US tech cos was &amp;lt;1% to the Irish state.</text></comment>
<story><title>EU adopts global minimum 15% tax on big business</title><url>https://www.bbc.com/news/business-64004673</url></story><parent_chain></parent_chain><comment><author>jacooper</author><text>&amp;gt; The landmark deal between nearly 140 countries aims to stop governments racing to cut taxes in a bid to attract companies.&lt;p&gt;&amp;gt; It was praised by US Treasury Secretary Janet Yellen as &amp;quot;an historic agreement which helps even the playing field&amp;quot;.&lt;p&gt;This is a global goal, not just an EU Law.</text></comment>