A fairer tax system will level global playing field, says Mboweni
The finance minister, along with his global counterparts, wants a tax system that will hold multinationals accountable
Finance minister Tito Mboweni has endorsed (https://www.businesslive.co.za/bd/opinion/2021-06-10-mboweni-joins-finance-chiefs-in-calling-for-a-global-corporate-minimum-tax/) the establishment of a global corporate minimum tax that will hold multinational companies accountable and help bring much-needed revenue as countries emerge from the worst global health and economic crisis in living memory.
In an opinion piece co-authored with the US finance minister Janet Yellen, along with Germany’s vice-chancellor and finance minister, Olaf Scholz; Indonesia’s finance minister, Sri Mulyani Indrawati; and Mexico’s finance minister, Arturo Herrera Gutiérrez, the finance chiefs argue that corporations’ capital income too often finds its way to low-tax jurisdictions as the world’s most profitable companies reduce their tax burdens...
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