BANGKOK (Reuters) - Thailand's cabinet on Wednesday approved draft legislation of a global minimum corporate tax of 15% on multinational enterprises, according to two sources with direct knowledge of the matter.
Under the new rules being shepherded through by the Organisation for Economic Cooperation and Development (OECD), a minimum 15% tax will be charged on multinationals with annual global turnover of more than 750 million euros ($789.6 million), regardless of their location.
The sources who spoke to Reuters declined to be identified because they were not authorised to speak to media.
($1 = 0.9498 euros)
(Reporting by Panarat Thepgumpanat and Orathai Sriring; Editing by Martin Petty)
