Global tax rewrite could boost governments’ revenues by $100 billion

A rewrite of cross-border corporate tax rules could increase governments’ tax revenues by 4% or $100 billion annually, the Organisation for Economic Cooperation estimated on Thursday.

Nearly 140 governments are negotiating how to redraft outdated international corporate tax rules this year based on proposals from the OECD.

The Paris-based organization said that the revenue gains it expected from the overhaul of the rules were “broadly similar across high, middle and low-income economies, as a share of corporate tax revenues”./

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