Multinationals face new 15pc minimum tax in fresh crackdown

The government will enforce a minimum 15 per cent tax on large multinational corporations from next year.

This is in line with new Treasury regulations targeting rogue foreign companies accused of reducing their local tax bills by making payments to overseas affiliates.

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var diffToEnd = saleEnd – now;
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var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
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${String(minutes).padStart(2,’0′)}Minutes
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Subscribe Now & Save

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const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
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The government will enforce a minimum 15 per cent tax on large multinational corporations from next year.

Follow The Standard
channel
on WhatsApp