The Evolution of Global Minimum Tax Policies: A Historical Perspective
Knowledge • The Evolution of Global Minimum Tax Policies: A Historical Perspective
Knowledge • The Evolution of Global Minimum Tax Policies: A Historical Perspective
This article will explore the history of global minimum tax policies, from their origins to the latest developments, including the
recent OECD/G20 agreement.
Global minimum tax policies have been a topic of discussion among policymakers for several decades. These policies aim to ensure that
multinational corporations pay a minimum level of tax regardless of where they operate or where their profits are booked. In this article,
we will explore the history of global minimum tax policies, from their origins to the latest developments, including the recent OECD/G20
agreement.
Conclusion:
The evolution of global minimum tax policies reflects the growing recognition of the need for international cooperation in taxation. The recent OECD/G20 agreement represents a significant milestone in this journey, but it is clear that there are still many challenges to overcome. As discussions around global minimum tax continue, it will be crucial for policymakers to strike a balance between ensuring tax fairness and avoiding unintended consequences.
We can assist your clients with the planning and preparation of transfer pricing documentation, country by country.
Starting May 2026, in-scope multinational enterprise (MNE) groups must register for Singapore’s Multinational Enterprise Top-up Tax (MTT), Domestic Top-up Tax (DTT), and the GloBE Information Return (GIR) under the Multinational Enterprise (Minimum Tax) Act 2024.
For the year 2026, IRAS has updated its indicative margin, reaffirming its support for simplified, arm’s length transfer pricing practices.
Singapore taxpayers entering into financial arrangements with related parties must ensure compliance with the arm’s length principle. This includes transactions such as cash pooling, hedging, financial guarantees, captive insurance, and related party loans.
Join us in this workshop as we delve into real-life case studies to share practical knowledge on managing transfer pricing in Singapore and the Asia Pacific region.
We’re thrilled to announce that Transfer Pricing Solutions Asia (Singapore) and Transfer Pricing Solutions Malaysia have both been ranked as recommended Transfer Pricing firms in the 2026 ITR World Tax rankings.
We’re proud to announce that Transfer Pricing Solutions Australia has been ranked as a Tier 2 firm in Transfer Pricing in the prestigious 2025 ITR World Tax rankings solidifying our position among the leading transfer pricing advisory firms in the country.
We’re delighted to share that Adriana Calderon, Director and Co-Founder of Transfer Pricing Solutions Asia, has been named a Women in Tax Leader and Notable Practitioner in the 2026 ITR World Tax rankings for the Singapore jurisdiction. In addition, Transfer Pricing Solutions Asia and Malaysia have both been ranked as recommended Transfer Pricing firms.
We're proud to announce that our Founder and Director, Shannon Smit, has been recognised as a Highly Regarded Transfer Pricing specialist and Women in Tax Leader for the Australia jurisdiction in the 2026 ITR World Tax Rankings. In addition, Transfer Pricing Solutions Australia has been ranked as a Tier 2 transfer pricing firm.