The Global Minimum Tax: Leveling the Playing Field
Global Minimum Tax and Corporate Tax UAE A global minimum tax, more commonly referred to as the OECD 2-Pillar solution, is an emerging tax structure designed to ensure multinationals pay their fair share of taxes regardless of where they operate from. In this article we explore its implications in the UAE as well as their approach in applying this tax structure. Purpose of Global Minimum Tax UAE Global minimum taxes will be established by setting an amount equal to 15% for big corporations. If their profits are taxed at less than 15% elsewhere in the world, however, then more taxes…