Inside the biggest corporate tax deal

Multinational Corporations (MNCs) take advantage of disparities in national tax rates to shift profit away from the countries where the economic activity takes place. Photo / Net

What you need to know:

  • According to the new global tax agreement that was signed on October 8, big global businesses will be required under the agreement to pay taxes in countries where their goods or services are sold, Crystal Kabajwara writes.

Picture this – an American e-commerce company with millions of customers in East Africa generating billions of sales revenue. 

Welcome!

You're all set to enjoy unlimited Prime content.