As the OECD countries reach agreement on the introduction of a minimum corporate tax rate of 15%, it is worth understanding what this means in practice.

The OECD has stated the following: “The [proposed] framework updates key elements of the century-old international tax system, which is no longer fit for purpose in a globalised and digitalised 21st-century economy.” 

But, it is important to recognise that it is not currently proposed that these changes will affect every company. However, given the various changes already introduced by the OECD Base Erosion Profit Shifting (BEPS) Actions, including Substance legislation in many low or zero taxation territories, the world of International Tax (particularly for those in the digital economy), is changing, and will continue to change in the years ahead. 

You can read more here.