Global Tax Deal's Annual Revenue Expected to Hit $200 Billion
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Global Tax Deal's Annual Revenue Expected to Hit $200 Billion
On February 15, the OECD said that annual tax revenue under the two-pillar global tax deal could reach $200 billion. This is twice the original forecast. Pierce O’Reilly, head of the Business and International Taxes Unit at the OECD, said that changes in the design of the proposed plan, as well as better data and modeling, contributed to the increase in projected tax revenue.
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