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How Much Would Corporate Taxes Rise Under a Global Minimum Tax?

New IMF estimate suggests the proposed 15% minimum tax would result in governments worldwide collecting a total of about 5.7% more from corporates—or roughly $150 billion.

By Laura Davison | April 14, 2022 at 10:54 AM

Companies worldwide could collectively pay almost 14 percent more in corporate income taxes annually if a global tax accord is fully implemented, according to new estimates from the International Monetary Fund (IMF).

The IMF’s projections foreshadow a sharp increase in corporate tax collections largely tied to a two-part pact struck last year with nearly 140 countries to implement a 15 percent minimum tax rate and an overhaul of some global taxing rights to require some of the largest companies to book income in the countries where revenues are generated.

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