Global tax reform

Global tax reform refers to international efforts to change how companies and individuals are taxed across different countries, aiming for fairer and more consistent policies. It focuses on addressing issues like profit shifting—where companies move profits to lower-tax jurisdictions—and ensuring that large corporations pay their fair share of taxes worldwide. This often involves setting new global standards, such as minimum tax rates, to prevent tax avoidance and improve revenue collection, supporting increased funding for public services. Overall, global tax reform seeks to create a more equitable, transparent, and effective international tax system.