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Global Tax Deal Should Go Further, African Tax Forum Says

July 1, 2021, 7:42 PM

A group of African governments welcomed Thursday’s OECD-led deal over a global tax overhaul, but called for the plan to go further in helping developing countries.

The African Tax Administration Forum called the agreement among 130 countries a “new milestone,” but said the plan should reallocate more of multinationals’ profits and urged countries to adopt a global minimum corporate tax rate of at least 20%, rather than 15%. ATAF helps African tax authorities and works with governments from across the continent.

The 139-member Inclusive Framework, the group of countries involved in the global tax overhaul discussions, “provides an opportunity ...