Group of 20 (G20) major economies endorsed on Sunday an agreement to revamp international corporate taxation, raising concerns of developing countries. The approval by G20 world leaders came after the Paris-based Organization for Economic Cooperation and Development (OECD) announced earlier in October that a major reform of the international tax system had been agreed on by 136 countries and jurisdictions, representing more than 90 percent of global gross domestic product .The revamped tax rules will apply to multinational companies with revenue above 750 million euros and this agreement is impose a minimum corporate tax rate will subject multinational companies to a minimum 15-percent tax rate from 2023. Will this scare away investors?

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