Globe Rules Made Easy

Worldwide implementation of the OECDs Global AntiBase Erosion Rules GloBE Rules published in December 2021 promises to strike a powerful blow at the tax avoidance rampantly indulged in by many multinational corporations since global minimum tax rate of 15 in all countries is expected to curb shifting of profits from higher tax jurisdiction to lower tax jurisdiction or tax havens. As Inclusive Framework IF Member jurisdictions prepare to implement legislation the tax law community worldwide can