Some 140 nations around the globe agreed in 2021 to establish a minimum global corporate tax rate of 15%, designed specifically to ensure that large multinational corporations pay a minimum tax rate, avoiding accounting in territories with lower rates-or no corporate tax at all-for income generated elsewhere on the planet.

The implementation of this agreement, promoted by the OECD, is being carried out according to two pillars. Pillar One" aims to distribute the results obtained by multinational groups-and the power to tax them-according to where their customers and users are located. -and the taxing power to tax them-according to where their customers and users are located.

Pillar Two, on the other hand, effectively introduces a minimum effective income tax rate to be paid by certain multinationals according to their income and, in practice, constitutes the global minimum tax. and, in practice, is what constitutes the global minimum tax.

While Pillar One is beginning to be implemented in several countries-including some nations that operated as tax havens, such as Ireland, Switzerland, Luxembourg and Barbados, there are still territories with "zero" corporate taxes, as you can see in this infographic from Visual Capitalist: