Krungsri Research：2025年全球最低税：新政解读挑战及东盟战略调适研究报告（英文版）

The implementation of GMT not only impacts the tax management of MNEs but also affects the international tax structure (Figure 3). While GMT has a positive effect by redistributing tax revenue among countries, it may negatively impact developing countries' ability to attract foreign investment. This article focuses on analyzing the impact of GMT enforcement in ASEAN, specifically in Vietnam, Thailand, Indonesia, Malaysia, and Singapore, which will implement GMT by 2025. It also explores meas