Finance ministers from the G20 club of large economies have backed a plan for global tax reform. A quick summary:
A total of 130 countries have agreed to a global tax reform deal to ensure that multinationals pay their fair share wherever they operate. (Image: News18 Creative)
The deal is being touted as the largest overhaul of the international tax system in a century. (Image: News18 Creative)
The deal aims to achieve worldwide minimum rate and a fairer international tax architecture. (Image: News18 Creative)
The 15 percent minimum tax rate was agreed under the auspices of the Organisation for Economic Cooperation and Development (OECD). (Image: News18 Creative)
The minimum tax rate is expected to affect fewer than 10,000 major companies. (Image: News18 Creative)