Multinationals hit with 15pc minimum tax rate
Michael ReadEconomics correspondent
Updated
Multinationals operating in Australia are now subject to a minimum 15 per cent tax rate, after a years-long global push to put a floor under corporate taxes went live on Monday.
But experts say Australia will reap almost none of the $326 billion additional annual tax revenue expected to result from the deal, which will generate a significant compliance burden for all large multinationals.
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