CREATE MORE: Adopting the global minimum tax in the Philippines

In November 2023, the Philippine government signed the inclusive agreement with the Organization for Economic Cooperation and Development (OECD) Inclusive Framework on Base-Erosion and Profit Shifting (BEPS), aligning with over 140 countries committed to addressing global tax avoidance by multinational corporations (MNCs). Under current international tax law, profits can be taxed either in the “source”
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