For my first piece of 2026, I want to take a macro view of corporate tax, with a focus on the largest entities and the international landscape. Big changes are happening.
The UAE introduced corporate tax as part of the country’s effort to join the widely supported international effort to reduce competition through tax rates. The underlying issue being that a race to the bottom negatively affects all societies.
A global minimum effective tax of 15 per cent was agreed, the implementing body being the OECD through its Pillar Two framework. This is part of its Base Erosion and Profit Shifting initiative.
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