[CONTRIBUTION] Implementing global minimum tax, support for taxpayers

Recently, tax avoidance by Big Tech firms has emerged as a major issue. Key revenue-generating assets of multinational enterprises (MNEs) have shifted from physical to intangible. This trend has facilitated the evasion of corporate income taxes by enabling companies to park intangibles in low-tax jurisdictions. Consequently, jurisdictions began the 'race to the bottom,” competing to attract investment, including intangible assets, by lowering corporate tax rates, thereby straining tax revenues.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times