Global Minimum Tax Update

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We're giving you a little update about the Global Minimum Tax. What should you and shouldn't worry about and what is about to happen?

The update is mainly about countries that were previously resisting the global minimum tax (Hungary, Ireland, and Estonia), which now have given in and signed the agreement. Some people have taken this very seriously.
There is a 10 year grace period to apply this global minimum tax, which is quite a bit of time.

At this point in time, this will apply only to multinational companies that earn 750 million euros or more in revenue. However, it is quite likely that this is just the beginning and as time goes it will affect more and more businesses.

Is global minimum tax good for society and how will it affect businesses worldwide? Should you trust the media narrative when they speak about this topic? Almost certainly not. Most people out there have no clue about how international taxation works, and you can not expect to get accurate and complete information from the media.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.


Author: Michael Rosmer

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