How much additional global tax revenue is expected annually?

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Global Minimum Corporate Tax Expected to Generate US$150 Billion Annually

A global minimum corporate income tax of at least 15 per cent is anticipated to generate approximately US$150 billion in additional global tax revenues each year. This landmark agreement has garnered support from 130 countries, collectively representing over 90 per cent of the world's GDP. The reform also introduces new regulations for taxing the largest multinational corporations, aiming to reallocate taxing rights on more than US$100 billion in profits to the countries where these earnings are generated.
Scope and Application of the Minimum Tax

The minimum corporate tax framework does not mandate that countries must adopt the 15 per cent rate as their national corporate tax. Instead, it empowers other nations to impose a 'top-up' levy on companies whose income originates from a country with a lower tax rate. This mechanism ensures that even if a company operates in a jurisdiction with a preferential tax regime, its overall tax burden will be brought up to the agreed minimum.
Thresholds for In-Scope Companies

The new minimum tax rate will apply to companies exceeding a turnover threshold of €750 million (approximately US$889 million), with the shipping industry being the sole exception. Specifically, the scope of these rules encompasses multinational enterprises with a global turnover above €20 billion and a pre-tax profit margin exceeding 10 per cent. Following a review, there is a possibility that the turnover threshold could be reduced to €10 billion after seven years.
Exclusions from Reallocated Taxing Rights

Certain sectors are to be excluded from the new rules governing where multinational profits are taxed. These exclusions include extractive industries and regulated financial services. Companies considered within the scope of the new rules are those with global turnover above €20 billion and a pre-tax profit margin above 10 per cent, though the turnover threshold may be adjusted downwards.

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How much additional global tax revenue is expected annually?

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