Liechtenstein has agreed, as a member state of the OECD/G20 Inclusive Framework against BEPS, to introduce a global minimum tax of effectively 15 per cent according to the Global Anti-Base Erosion Model Rules (GloBE Rules). Affected are Multinational Enterprises (MNE) with consolidated revenues of more than EUR 750 million. This applies to all legal entities including foundations, trusts and partnerships. The aim of the implementation of global minimum taxation is to prevent tax competition among states and to ensure that MNEs contribute to more fairness and transparency in taxation on a global level.