[Contribution] Global Minimum Tax ushers in new tax landscape

By Lee Sung-jin The Cayman Islands, Bermuda and other small Caribbean islands are known as idyllic retreats, famous for their pristine waters and mild climates. Beyond that, however, they are widely recognized as tax havens for multinational corporations seeking to minimize taxes and bypass regulations. Just as pirates once sought remote islands to hide their treasure, today’s multinational firms shift profits to low-tax jurisdictions — modern-day “treasure islands.” British journalist Nicholas

By The Korea Herald