In this cover story for The Edge Singapore, Martijn de Lange, Managing Director for BMS in Asia, shares his thoughts with Qi Siang Ng on the seemingly imminent global tax reform and its potential impact for companies and countries in Asia.
As the world’s finance leaders prepare to meet and potentially back the new framework for a global minimum tax, Martijn believes that this tax reform is the “last piece of the puzzle” in avoiding base erosion and profit shifting. This is the first time that some degree of consensus about a global minimum tax for MNEs has been reached, sending a strong signal that governments are no longer willing to tolerate a “race to the bottom” in the realm of corporate taxation.
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