Not signed in low-income states

Not signed in low-income states

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The global tax on multinational companies was approved at the G20 summit, which ends in Rome this Sunday. From 2023, the largest companies in all signed countries will be taxed at 15%. The goal is to fight against tax paradise. Wealthy countries welcome the agreement, but some states in low-income countries have refused to sign it.

With our special correspondent in Rome, Dominic Baylard

Nigeria and Kenya, like Sri Lanka and Pakistan, have refused to accept this global tax, which was discussed within the framework of the OECD.

As a reminder, 136 OECD countries (i.e. 90% of world GDP), Gathered in Budapest in early October, Voted in favor of this major reform of the international tax system, which allows multinational corporations to apply the minimum tax rate of 15% from 2023.

Worldwide, the average corporate tax rate is 22%. In sub-Saharan Africa, it is even higher: an average of 25.5%. Accepting a lower rate means taking on the risk of losing tax revenue rather than expecting new ones to be harvested.

For Ricardo Moro, the Sherpa who represents the NGOs in the G20, the device does not adequately cater to the interests of southern countries and has softened under pressure from European tax havens such as Ireland, Estonia and Hungary. : ” The countries we call tax havens typically use 12%. So going to 15% is almost nothing for the tax systems already doing. If we want to be controversial, we can say that everyone has been turned into a refuge for taxes.

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Also read: Global tax treaty: “More than a turning point, this is a change of world”

Another objection is the tax ceiling. The second is calculated according to the turnover achieved in one country, so it benefits the richest countries first and the countries we use the most.

According to the Independent Commission on the Think Tank for the Reform of International Taxation (ICRICT), which includes leading economists such as Joseph Stiglitz, Thomas Pickett or Eva Jolly. Discount transaction “No” The lion’s share goes to rich countries “. Was published in the organization’s newspaperThe world, A forum calling for reconsideration to make the Budapest Accord more favorable to southern countries in mid-October.

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