Corporate Alternative Minimum Tax

The proposal outlines a labour-backed Alternative Corporate Minimum Tax (CAMT) aimed at ensuring multinational companies pay meaningful taxes in countries where they generate real economic activity, especially Ghana, Nigeria, Senegal, Tanzania and other African countries. It responds to weaknesses in the (OECD) global minimum tax system by introducing a domestic minimum tax based on a share of global profits apportioned using sales, employment, and payroll, with a 25% effective minimum rate applied to those profits. Companies would pay whichever is higher: their regular corporate tax or the CAMT calculation.