Countries backs global minimum corporate tax of at least 15%

Most countries negotiating a global overhaul of cross-border taxation of multinationals backed plans for new rules on where they are taxed and a minimum rate of at least 15%, they said on Thursday after two days of talks.

"A detailed implementation plan together with remaining issues will be finalised by October 2021," read a statement signed by 130 out of 139 countries and jurisdictions involved in the negotiations.