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COMPARE NATION DATA
1
United States
policy status:Verbal Commitment
GLOBAL GDP24.76%
AFFILIATION
G7
G20
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.
2
China
policy status:Verbal Commitment
GLOBAL GDP17.42%
AFFILIATION
G7
G20
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.
3
Japan
policy status:Verbal Commitment
GLOBAL GDP5.97%
AFFILIATION
G7
G20
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.
4
Germany
policy status:Verbal Commitment
GLOBAL GDP4.5%
AFFILIATION
G7
G20
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.
5
United Kingdom
policy status:Verbal Commitment
GLOBAL GDP3.21%
AFFILIATION
G7
G20
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.
6
India
policy status:Verbal Commitment
GLOBAL GDP3.2%
AFFILIATION
G7
G20
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.
7
France
policy status:Verbal Commitment
GLOBAL GDP3.07%
AFFILIATION
G7
G20
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.
8
Italy
policy status:Verbal Commitment
GLOBAL GDP2.23%
AFFILIATION
G7
G20
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.
9
Canada
policy status:Introduced Legislation
GLOBAL GDP1.94%
AFFILIATION
G7
G20
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.
10
South Korea
policy status:Verbal Commitment
GLOBAL GDP1.93%
AFFILIATION
G7
G20
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.
11
Russia
policy status:Verbal Commitment
GLOBAL GDP1.74%
AFFILIATION
G7
G20
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.
12
Brazil
policy status:Verbal Commitment
GLOBAL GDP1.7%
AFFILIATION
G7
G20
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.
13
Australia
policy status:Verbal Commitment
GLOBAL GDP1.61%
AFFILIATION
G7
G20
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.
14
Spain
policy status:Verbal Commitment
GLOBAL GDP1.51%
AFFILIATION
G7
G20
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.
15
Mexico
policy status:Verbal Commitment
GLOBAL GDP1.27%
AFFILIATION
G7
G20
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.
16
Indonesia
policy status:Verbal Commitment
GLOBAL GDP1.25%
AFFILIATION
G7
G20
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.
17
Netherlands
policy status:Verbal Commitment
GLOBAL GDP1.08%
AFFILIATION
G7
G20
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.
18
Switzerland
policy status:Verbal Commitment
GLOBAL GDP0.88%
AFFILIATION
G7
G20
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.
19
Turkey
policy status:Verbal Commitment
GLOBAL GDP0.85%
AFFILIATION
G7
G20
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.
20
Saudi Arabia
policy status:Verbal Commitment
GLOBAL GDP0.83%
AFFILIATION
G7
G20
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.
21
Taiwan
policy status:No Action
GLOBAL GDP0.79%
AFFILIATION
G7
G20
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.
22
Iran
policy status:No Action
GLOBAL GDP0.75%
AFFILIATION
G7
G20
As of October 12th, Iran has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
23
Poland
policy status:Opposed
GLOBAL GDP0.7%
AFFILIATION
G7
G20
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.
24
Sweden
policy status:Verbal Commitment
GLOBAL GDP0.64%
AFFILIATION
G7
G20
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.
25
Belgium
policy status:Verbal Commitment
GLOBAL GDP0.61%
AFFILIATION
G7
G20
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.
26
Thailand
policy status:Verbal Commitment
GLOBAL GDP0.59%
AFFILIATION
G7
G20
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.
27
Nigeria
policy status:Opposed
GLOBAL GDP0.51%
AFFILIATION
G7
G20
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.
28
Austria
policy status:Verbal Commitment
GLOBAL GDP0.51%
AFFILIATION
G7
G20
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.
29
Ireland
policy status:Verbal Commitment
GLOBAL GDP0.5%
AFFILIATION
G7
G20
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.
30
Israel
policy status:Verbal Commitment
GLOBAL GDP0.48%
AFFILIATION
G7
G20
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.
31
Argentina
policy status:Verbal Commitment
GLOBAL GDP0.46%
AFFILIATION
G7
G20
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.
32
Philippines
policy status:No Action
GLOBAL GDP0.43%
AFFILIATION
G7
G20
As of October 12th, the Philippines has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
33
Norway
policy status:Verbal Commitment
GLOBAL GDP0.43%
AFFILIATION
G7
G20
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.
34
Egypt
policy status:Verbal Commitment
GLOBAL GDP0.43%
AFFILIATION
G7
G20
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.
35
United Arab Emirates
policy status:Verbal Commitment
GLOBAL GDP0.42%
AFFILIATION
G7
G20
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.
36
Denmark
policy status:Verbal Commitment
GLOBAL GDP0.42%
AFFILIATION
G7
G20
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.
37
Hong Kong
policy status:Verbal Commitment
GLOBAL GDP0.41%
AFFILIATION
G7
G20
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.
38
Vietnam
policy status:Verbal Commitment
GLOBAL GDP0.4%
AFFILIATION
G7
G20
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.
39
Singapore
policy status:Reservations
GLOBAL GDP0.4%
AFFILIATION
G7
G20
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.
40
Malaysia
policy status:Verbal Commitment
GLOBAL GDP0.4%
AFFILIATION
G7
G20
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.
41
Bangladesh
policy status:No Action
GLOBAL GDP0.39%
AFFILIATION
G7
G20
As of October 12th, Bangladesh has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
42
South Africa
policy status:Verbal Commitment
GLOBAL GDP0.36%
AFFILIATION
G7
G20
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.
43
Colombia
policy status:Verbal Commitment
GLOBAL GDP0.32%
AFFILIATION
G7
G20
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.
44
Finland
policy status:Verbal Commitment
GLOBAL GDP0.32%
AFFILIATION
G7
G20
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.
45
Pakistan
policy status:No Action
GLOBAL GDP0.31%
AFFILIATION
G7
G20
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."
46
Chile
policy status:Verbal Commitment
GLOBAL GDP0.3%
AFFILIATION
G7
G20
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.
47
Romania
policy status:Verbal Commitment
GLOBAL GDP0.29%
AFFILIATION
G7
G20
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.
48
Czech Republic
policy status:Verbal Commitment
GLOBAL GDP0.29%
AFFILIATION
G7
G20
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.
49
Portugal
policy status:Verbal Commitment
GLOBAL GDP0.27%
AFFILIATION
G7
G20
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.
50
New Zealand
policy status:Verbal Commitment
GLOBAL GDP0.25%
AFFILIATION
G7
G20
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.
51
Peru
policy status:Verbal Commitment
GLOBAL GDP0.24%
AFFILIATION
G7
G20
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.
52
Greece
policy status:Verbal Commitment
GLOBAL GDP0.22%
AFFILIATION
G7
G20
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.
53
Iraq
policy status:No Action
GLOBAL GDP0.2%
AFFILIATION
G7
G20
As of October 12th, Iraq has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq

The
International
Tax 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.

United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
United States
China
Japan
Germany
United Kingdom
India
France
Italy
Canada
South Korea
Russia
Brazil
Australia
Spain
Mexico
Indonesia
Netherlands
Switzerland
Turkey
Saudi Arabia
Taiwan
Iran
Poland
Sweden
Belgium
Thailand
Nigeria
Austria
Ireland
Israel
Argentina
Philippines
Norway
Egypt
United Arab Emirates
Denmark
Hong Kong
Vietnam
Singapore
Malaysia
Bangladesh
South Africa
Colombia
Finland
Pakistan
Chile
Romania
Czech Republic
Portugal
New Zealand
Peru
Greece
Iraq
Of these 53 countries:

The US is the only country that has a minimum tax on foreign profits of domestically headquartered companies.

The OECD Agreement:

On July 1st, over 100 countries entered into an OECD agreement to implement a global minimum tax.

Of these 53 countries:

85% of these countries have made a verbal commitment with no action.

Of these 53 countries:

15% of these countries have made no comment or opposed the proposal.

Status Color Key
Reservations
Countries with reservations have made public comments against a global minimum tax and raised concerns over its effects.
RESERVATIONS
NO ACTION
A country with no action has made no comments in support or opposition to the OECD agreement to implement a global minimum tax.
NO ACTION
VERBAL COMMITMENT
A verbal commitment shows a country’s intention to work toward a global minimum tax, however, at this stage no proposal has been considered by the domestic legislative body.
VERBAL COMMITMENT
INTRODUCED LEGISLATION
Introduction of legislation via a country’s internal process is the first step beyond a verbal commitments toward implementation, but is not yet final or enforceable.
INTRODUCED LEGISLATION
PASSED LEGISLATION
Once a country has passed legislation compliant with the OECD Pillar 2, its domestically headquartered companies are subject to a minimum tax of 15% on foreign profits.
PASSED LEGISLATION
Opposed
Countries opposed have actively taken steps to prevent or veto the implementation of a global minimum tax.
OPPOSED
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SORT BY
OECD STATUS
MIN TAX ON FOREIGN PROFITS
1
United StatesCOMPAREREMOVE
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
2
ChinaCOMPAREREMOVE
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
3
JapanCOMPAREREMOVE
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
4
GermanyCOMPAREREMOVE
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
5
United KingdomCOMPAREREMOVE
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
6
IndiaCOMPAREREMOVE
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
7
FranceCOMPAREREMOVE
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
8
ItalyCOMPAREREMOVE
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
9
CanadaCOMPAREREMOVE
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
10
South KoreaCOMPAREREMOVE
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
11
RussiaCOMPAREREMOVE
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
12
BrazilCOMPAREREMOVE
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
13
AustraliaCOMPAREREMOVE
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
14
SpainCOMPAREREMOVE
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
15
MexicoCOMPAREREMOVE
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
16
IndonesiaCOMPAREREMOVE
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
17
NetherlandsCOMPAREREMOVE
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
18
SwitzerlandCOMPAREREMOVE
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
19
TurkeyCOMPAREREMOVE
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
20
Saudi ArabiaCOMPAREREMOVE
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
21
TaiwanCOMPAREREMOVE
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
22
IranCOMPAREREMOVE
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
23
PolandCOMPAREREMOVE
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
24
SwedenCOMPAREREMOVE
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
25
BelgiumCOMPAREREMOVE
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
26
ThailandCOMPAREREMOVE
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
27
NigeriaCOMPAREREMOVE
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
28
AustriaCOMPAREREMOVE
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
29
IrelandCOMPAREREMOVE
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
30
IsraelCOMPAREREMOVE
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
31
ArgentinaCOMPAREREMOVE
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
32
PhilippinesCOMPAREREMOVE
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
33
NorwayCOMPAREREMOVE
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
34
EgyptCOMPAREREMOVE
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
35
United Arab EmiratesCOMPAREREMOVE
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
36
DenmarkCOMPAREREMOVE
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
37
Hong KongCOMPAREREMOVE
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
38
VietnamCOMPAREREMOVE
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
39
SingaporeCOMPAREREMOVE
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
40
MalaysiaCOMPAREREMOVE
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
41
BangladeshCOMPAREREMOVE
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
42
South AfricaCOMPAREREMOVE
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
43
ColombiaCOMPAREREMOVE
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
44
FinlandCOMPAREREMOVE
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
45
PakistanCOMPAREREMOVE
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
46
ChileCOMPAREREMOVE
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
47
RomaniaCOMPAREREMOVE
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
48
Czech RepublicCOMPAREREMOVE
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
49
PortugalCOMPAREREMOVE
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
50
New ZealandCOMPAREREMOVE
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
51
PeruCOMPAREREMOVE
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
52
GreeceCOMPAREREMOVE
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
53
IraqCOMPAREREMOVE
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

The
International
Tax 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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Of these 53 countries:

The US is the only country that has a minimum tax on foreign profits of domestically headquartered companies.

Of these 53 countries:

On July 1st, over 100 countries entered into an OECD agreement to implement a global minimum tax.

Of these 53 countries:

85% of these countries have made a verbal commitment with no action.

Of these 53 countries:

15% of these countries have made no comment or opposed the proposal.

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1
United States
Verbal Commitment
GLOBAL GDP24.76%
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.
2
China
Verbal Commitment
GLOBAL GDP17.42%
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.
3
Japan
Verbal Commitment
GLOBAL GDP5.97%
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.
4
Germany
Verbal Commitment
GLOBAL GDP4.5%
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.
5
United Kingdom
Verbal Commitment
GLOBAL GDP3.21%
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.
6
India
Verbal Commitment
GLOBAL GDP3.2%
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.
7
France
Verbal Commitment
GLOBAL GDP3.07%
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.
8
Italy
Verbal Commitment
GLOBAL GDP2.23%
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.
9
Canada
Introduced Legislation
GLOBAL GDP1.94%
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.
10
South Korea
Verbal Commitment
GLOBAL GDP1.93%
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.
11
Russia
Verbal Commitment
GLOBAL GDP1.74%
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.
12
Brazil
Verbal Commitment
GLOBAL GDP1.7%
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.
13
Australia
Verbal Commitment
GLOBAL GDP1.61%
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.
14
Spain
Verbal Commitment
GLOBAL GDP1.51%
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.
15
Mexico
Verbal Commitment
GLOBAL GDP1.27%
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.
16
Indonesia
Verbal Commitment
GLOBAL GDP1.25%
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.
17
Netherlands
Verbal Commitment
GLOBAL GDP1.08%
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.
18
Switzerland
Verbal Commitment
GLOBAL GDP0.88%
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.
19
Turkey
Verbal Commitment
GLOBAL GDP0.85%
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.
20
Saudi Arabia
Verbal Commitment
GLOBAL GDP0.83%
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.
21
Taiwan
No Action
GLOBAL GDP0.79%
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.
22
Iran
No Action
GLOBAL GDP0.75%
As of October 12th, Iran has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
23
Poland
Opposed
GLOBAL GDP0.7%
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.
24
Sweden
Verbal Commitment
GLOBAL GDP0.64%
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.
25
Belgium
Verbal Commitment
GLOBAL GDP0.61%
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.
26
Thailand
Verbal Commitment
GLOBAL GDP0.59%
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.
27
Nigeria
Opposed
GLOBAL GDP0.51%
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.
28
Austria
Verbal Commitment
GLOBAL GDP0.51%
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.
29
Ireland
Verbal Commitment
GLOBAL GDP0.5%
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.
30
Israel
Verbal Commitment
GLOBAL GDP0.48%
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.
31
Argentina
Verbal Commitment
GLOBAL GDP0.46%
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.
32
Philippines
No Action
GLOBAL GDP0.43%
As of October 12th, the Philippines has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
33
Norway
Verbal Commitment
GLOBAL GDP0.43%
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.
34
Egypt
Verbal Commitment
GLOBAL GDP0.43%
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.
35
United Arab Emirates
Verbal Commitment
GLOBAL GDP0.42%
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.
36
Denmark
Verbal Commitment
GLOBAL GDP0.42%
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.
37
Hong Kong
Verbal Commitment
GLOBAL GDP0.41%
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.
38
Vietnam
Verbal Commitment
GLOBAL GDP0.4%
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.
39
Singapore
Reservations
GLOBAL GDP0.4%
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.
40
Malaysia
Verbal Commitment
GLOBAL GDP0.4%
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.
41
Bangladesh
No Action
GLOBAL GDP0.39%
As of October 12th, Bangladesh has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
42
South Africa
Verbal Commitment
GLOBAL GDP0.36%
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.
43
Colombia
Verbal Commitment
GLOBAL GDP0.32%
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.
44
Finland
Verbal Commitment
GLOBAL GDP0.32%
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.
45
Pakistan
No Action
GLOBAL GDP0.31%
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."
46
Chile
Verbal Commitment
GLOBAL GDP0.3%
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.
47
Romania
Verbal Commitment
GLOBAL GDP0.29%
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.
48
Czech Republic
Verbal Commitment
GLOBAL GDP0.29%
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.
49
Portugal
Verbal Commitment
GLOBAL GDP0.27%
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.
50
New Zealand
Verbal Commitment
GLOBAL GDP0.25%
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.
51
Peru
Verbal Commitment
GLOBAL GDP0.24%
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.
52
Greece
Verbal Commitment
GLOBAL GDP0.22%
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.
53
Iraq
No Action
GLOBAL GDP0.2%
As of October 12th, Iraq has not joined the OECD's October 8th agreement or made a statement on a global minimum tax.
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