Ramaphosa enforces 15% global tax for multinational companies: Prof. Deborah Tickle

Ramaphosa enforces 15% global tax for multinational companies: Prof. Deborah Tickle
President Cyril Ramaphosa has signed a law to enforce a 15% global minimum corporate tax rate for multinational companies that are paying less than 15% in corporate taxes on their earnings.

The act, signed into law last month on the eve of Christmas, forms part of a global tax movement for multinationals while cutting down on tax competition between countries. It is set to introduce significant changes to the way multinational corporations will be taxed