The 15% global minimum tax rules included as part of the OECD-led international tax deal favor developed nations, are burdensome to administer and do not guarantee the collection of more revenue, an advocacy group for developing nations said.
A policy brief released Friday by the South Centre Tax Initiative, which seeks to advance tax cooperation in the global south, heavily criticized a concept of the qualified domestic minimum top-up tax (QDMTT), which allows countries to apply a 15% levy domestically if it follows the model rules under the global minimum tax.
The brief says that at first, a QDMTT seems ...