TheInternationalTax Tracker
The OECD countries are in the process of negotiating international tax policy to implement a global minimum tax on foreign profits. Fifty-three of these connected economies make up 95% of global GDP. Find out where they stand on implementing a global minimum here.
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MIN TAX ON FOREIGN PROFITS↓
1
United States
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:Yes
MORE INFO
On October 8th, the United States joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
United States country constitutes 24.76% percent of GDP
United States country constitutes 24.76% percent of GDP
2
China
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, China joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
China country constitutes 17.42% percent of GDP
China country constitutes 17.42% percent of GDP
3
Japan
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Japan joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Japan country constitutes 5.97% percent of GDP
Japan country constitutes 5.97% percent of GDP
4
Germany
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Germany joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Germany country constitutes 4.5% percent of GDP
Germany country constitutes 4.5% percent of GDP
5
United Kingdom
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, the United Kingdom joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
United Kingdom country constitutes 3.21% percent of GDP
United Kingdom country constitutes 3.21% percent of GDP
6
India
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of January 12, 2022, media reports indicated that India intended to take steps to implement the OECD's global minimum tax deal in its next annual budget.
India country constitutes 3.2% percent of GDP
India country constitutes 3.2% percent of GDP
7
France
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, France joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
France country constitutes 3.07% percent of GDP
France country constitutes 3.07% percent of GDP
8
Italy
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Italy joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Italy country constitutes 2.23% percent of GDP
Italy country constitutes 2.23% percent of GDP
9
Canada
OECD STATUS:
Introduced Legislation
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of April 7, 2022, Canada had unveiled its initial plan to implement a global corporate income tax in line with the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
Canada country constitutes 1.94% percent of GDP
Canada country constitutes 1.94% percent of GDP
10
South Korea
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, South Korea joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
South Korea country constitutes 1.93% percent of GDP
South Korea country constitutes 1.93% percent of GDP
11
Russia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Russia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Russia country constitutes 1.74% percent of GDP
Russia country constitutes 1.74% percent of GDP
12
Brazil
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Brazil joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Brazil country constitutes 1.7% percent of GDP
Brazil country constitutes 1.7% percent of GDP
13
Australia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Australia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Australia country constitutes 1.61% percent of GDP
Australia country constitutes 1.61% percent of GDP
14
Spain
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Spain joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Spain country constitutes 1.51% percent of GDP
Spain country constitutes 1.51% percent of GDP
15
Mexico
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Mexico joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Mexico country constitutes 1.27% percent of GDP
Mexico country constitutes 1.27% percent of GDP
16
Indonesia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Indonesia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Indonesia country constitutes 1.25% percent of GDP
Indonesia country constitutes 1.25% percent of GDP
17
Netherlands
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, The Netherlands joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Netherlands country constitutes 1.08% percent of GDP
Netherlands country constitutes 1.08% percent of GDP
18
Switzerland
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of March 16, 2022, Switzerland indicated that it will change its constitution to be in compliance with Pillar 2 of the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Switzerland country constitutes 0.88% percent of GDP
Switzerland country constitutes 0.88% percent of GDP
19
Turkey
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Turkey joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Turkey country constitutes 0.85% percent of GDP
Turkey country constitutes 0.85% percent of GDP
20
Saudi Arabia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Saudi Arabia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Saudi Arabia country constitutes 0.83% percent of GDP
Saudi Arabia country constitutes 0.83% percent of GDP
21
Taiwan
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On November 17, Taiwan's government announced that it plans to raise the minimum tax on corporations to at least 15%, aligning with the OECD's October 8th
Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
Taiwan country constitutes 0.79% percent of GDP
Taiwan country constitutes 0.79% percent of GDP
22
Iran
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of October 12th, Iran has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
Iran country constitutes 0.75% percent of GDP
Iran country constitutes 0.75% percent of GDP
23
Poland
OECD STATUS:
Opposed
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of March 30, 2022, Poland planned to veto EU legislation intended to enact a global minimum tax in line with the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
Poland country constitutes 0.7% percent of GDP
Poland country constitutes 0.7% percent of GDP
24
Sweden
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of April 5, 2022, Sweden had successfully advocated for a December 31, 2023 implementation for the implementation of the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Sweden country constitutes 0.64% percent of GDP
Sweden country constitutes 0.64% percent of GDP
25
Belgium
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Belgium joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Belgium country constitutes 0.61% percent of GDP
Belgium country constitutes 0.61% percent of GDP
26
Thailand
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Thailand joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Thailand country constitutes 0.59% percent of GDP
Thailand country constitutes 0.59% percent of GDP
27
Nigeria
OECD STATUS:
Opposed
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of May 24, 2022, Nigerian officials from the country's Federal Inland Revenue Service (FIRS) stated that the country opposes the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy as it does not serve the overall interest of the country. Officials stated their desire to ensure that Nigeria does not lose out on potential revenue from the digital economy.
Nigeria country constitutes 0.51% percent of GDP
Nigeria country constitutes 0.51% percent of GDP
28
Austria
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Austria joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Austria country constitutes 0.51% percent of GDP
Austria country constitutes 0.51% percent of GDP
29
Ireland
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Ireland joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Ireland country constitutes 0.5% percent of GDP
Ireland country constitutes 0.5% percent of GDP
30
Israel
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Israel joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Israel country constitutes 0.48% percent of GDP
Israel country constitutes 0.48% percent of GDP
31
Argentina
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Argentina joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Argentina country constitutes 0.46% percent of GDP
Argentina country constitutes 0.46% percent of GDP
32
Philippines
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of October 12th, the Philippines has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
Philippines country constitutes 0.43% percent of GDP
Philippines country constitutes 0.43% percent of GDP
33
Norway
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Norway joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Norway country constitutes 0.43% percent of GDP
Norway country constitutes 0.43% percent of GDP
34
Egypt
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Egypt joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Egypt country constitutes 0.43% percent of GDP
Egypt country constitutes 0.43% percent of GDP
35
United Arab Emirates
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, the United Arab Emirates joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
United Arab Emirates country constitutes 0.42% percent of GDP
United Arab Emirates country constitutes 0.42% percent of GDP
36
Denmark
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Denmark joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Denmark country constitutes 0.42% percent of GDP
Denmark country constitutes 0.42% percent of GDP
37
Hong Kong
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of March 20, 2022, media reports indicate that Hong Kong is considering the introduction of a "top-up tax" to bring it into compliance with a global minimum tax. On October 8, 2021, Hong Kong joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
Hong Kong country constitutes 0.41% percent of GDP
Hong Kong country constitutes 0.41% percent of GDP
38
Vietnam
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Vietnam joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Vietnam country constitutes 0.4% percent of GDP
Vietnam country constitutes 0.4% percent of GDP
39
Singapore
OECD STATUS:
Reservations
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of March 20, 2022, media reports indicate that Singapore is "concerned" about what lies ahead with respect to implementation of a global minimum tax. On October 8, 2021, Singapore joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
Singapore country constitutes 0.4% percent of GDP
Singapore country constitutes 0.4% percent of GDP
40
Malaysia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Malaysia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Malaysia country constitutes 0.4% percent of GDP
Malaysia country constitutes 0.4% percent of GDP
41
Bangladesh
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of October 12th, Bangladesh has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
Bangladesh country constitutes 0.39% percent of GDP
Bangladesh country constitutes 0.39% percent of GDP
42
South Africa
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, South Africa joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
South Africa country constitutes 0.36% percent of GDP
South Africa country constitutes 0.36% percent of GDP
43
Colombia
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Colombia joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Colombia country constitutes 0.32% percent of GDP
Colombia country constitutes 0.32% percent of GDP
44
Finland
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Finland joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Finland country constitutes 0.32% percent of GDP
Finland country constitutes 0.32% percent of GDP
45
Pakistan
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of October 12th, Pakistan has not joined the OECD's October 8th agreement, stating that they will "decide whether to join or not once the blueprints of Multilateral Conventions for Pillar One and Pillar Two are finalised."
Pakistan country constitutes 0.31% percent of GDP
Pakistan country constitutes 0.31% percent of GDP
46
Chile
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Chile joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Chile country constitutes 0.3% percent of GDP
Chile country constitutes 0.3% percent of GDP
47
Romania
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Romania joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Romania country constitutes 0.29% percent of GDP
Romania country constitutes 0.29% percent of GDP
48
Czech Republic
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, the Czech Republic joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Czech Republic country constitutes 0.29% percent of GDP
Czech Republic country constitutes 0.29% percent of GDP
49
Portugal
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Portugal joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Portugal country constitutes 0.27% percent of GDP
Portugal country constitutes 0.27% percent of GDP
50
New Zealand
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, New Zealand joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
New Zealand country constitutes 0.25% percent of GDP
New Zealand country constitutes 0.25% percent of GDP
51
Peru
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Peru joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Peru country constitutes 0.24% percent of GDP
Peru country constitutes 0.24% percent of GDP
52
Greece
OECD STATUS:
Verbal Commitment
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
On October 8th, Greece joined the OECD's Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, which establishes a framework for implementing a global minimum tax.
Greece country constitutes 0.22% percent of GDP
Greece country constitutes 0.22% percent of GDP
53
Iraq
OECD STATUS:
No Action
MIN TAX ON FOREIGN PROFITS:No
MORE INFO
As of October 12th, Iraq has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
Iraq country constitutes 0.2% percent of GDP
Iraq country constitutes 0.2% percent of GDP
