What does “large” multinationals mean?
A multinational corporation is a big company that operates in its home country and also in other countries through branches or subsidiaries. Just making money from other countries without having a physical presence there doesn’t make a business a multinational corporation. In the context of the global minimum effective tax rate proposed under “Pillar Two” of the OECD Base Erosion and Profit Shifting project, “large” means a multinational corporation with consolidated global revenues equivalent to over EUR 750 million in UAE Dirhams.
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