According to an EU tax watchdog, a 2021 agreement aimed at weakening tax havens and getting multinational corporations to pay minimum tax has been weakened by loopholes.

<div class="block">According to an EU tax watchdog, a 2021 agreement aimed at weakening tax havens and getting multinational corporations to pay minimum tax has been weakened by loopholes.</div>

Need2Know Headlines

Report: Tax Loopholes Allow Companies to Dodge 15% Rate

And according to eu tax watchdog of 2021 agreement aimed at weakening tax havens and getting multinational corporations to pay minimum tax has been weakened by loopholes. A new report by the European tax observatory finds the revenue that was expected to be generated by these taxes has been greatly diminished. The organization for economic co operation and development deals sell a minimum corporate tax rate of 15% for global corporations. The report states that the tax would have generated about $270 billion but that number is now around 135 billion.