OECD deal imposes global minimum corporate tax of 15%

Accord signed by 136 countries will enable them to raise tax on sales made by multinationals within their borders

Almost 140 countries have taken a decisive step towards forcing the world's biggest companies to pay a fair share of tax, with plans for a global minimum corporate tax rate of 15% to be imposed by 2023.

The Organisation for Economic Co-operation and Development (OECD) said that 136 countries and jurisdictions had agreed to join an accord to impose a two-pillar global tax reform plan.