How much additional global tax revenue is the minimum tax expected to generate annually?

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The minimum tax is expected to generate approximately US$150 billion in additional global tax revenues annually.

The Organisation for Economic Cooperation and Development (OECD) has projected that a global minimum corporate income tax rate of at least 15 per cent could result in an annual increase of around US$150 billion in worldwide tax revenues. This projection comes as 130 countries, collectively representing over 90 per cent of global GDP, have expressed support for the agreement following recent negotiations.
Global Tax Revenue Projection
The Paris-based OECD, which facilitated the recent talks, stated that the implementation of a global minimum corporate income tax at a rate of no less than 15 per cent is anticipated to bring in approximately US$150 billion in additional tax revenue each year on a global scale. This figure underscores the potential financial impact of the coordinated international tax reform.
Broad International Backing
The agreement has garnered significant support, with 130 countries endorsing the plans. This broad consensus includes a substantial majority of the world's economic output, indicating a widespread commitment to reforming international corporate taxation. The OECD highlighted that these 130 countries account for more than 90 per cent of the global gross domestic product.
Scope of the Minimum Tax
The proposed minimum corporate tax rate of at least 15 per cent is intended to apply to companies with a global turnover exceeding €750 million (US$889 million). The shipping industry is the only sector explicitly exempted from these new regulations. The measure aims to prevent multinational corporations from exploiting lower tax jurisdictions by shifting profits, thereby ensuring a more equitable distribution of tax contributions.

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How much additional global tax revenue is the minimum tax expected to generate annually?

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