Saturday's commitment to a global minimum tax rate would apply to overseas profits.
“They will mean allocating more taxing rights of the largest and most profitable multinational enterprises to where their customers are; and implementing an internationally-agreed minimum effective corporate tax rate for large multinational enterprises wherever they operate.” "Otherwise, countries will all be worse off, fighting over our share of a shrinking revenue pie," he said.
I am sure those offices and family offices set up here are for tax reasons and nothing else.
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