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Description: Politicians meeting at the G20 conference Saturday have endorsed the notion of a minimum corporate tax. The countries of the G20 make up about 80% of the world’s economic output. The fact that leaders of these competing economies have agreed on this minimum corporate tax is part of an effort to prevent corporations from sheltering profits in tax havens.

Date:  October 30, 2021



Discussion points:

1) Have you been aware of the presence of tax havens?

2) Do you think that the 15% minimum tax will reduce the incentive for companies to move income to low tax countries?

3) Chapter 5 in Wiley’s Financial Accounting: Tools for Business Decision-Making introduces the concept of the multi-step income statement. Where does corporate income tax appear on this multi-step income statement?

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