National digital taxes will be “removed in 2024”. Thus Daniel Franco at the last press conference of the G20 Finance held in Washington under the Italian Presidency. The OECD agreement, in which 136 out of 140 countries (representing more than 90% of global GDP) (excluding Nigeria, Kenya, Sri Lanka and Pakistan) voted in favor of an international tax system that would subject multinational corporations to a minimum rate of 15% starting 2023.
An agreement that will come after years of intense negotiations will ensure that these companies pay a fair share of taxes and make profits wherever they operate, and redistribute more than $ 125 billion in profits from the 100 largest companies. . Profitable: “A win” defined it Tommaso Fazio, Professor of Accounting and Taxation in the Sky TG24 Business at the University of Nottingham.
However, what convinces the expert is the rate: “This is a missed opportunity: 15% were in favor of Ireland. European partners and the United States had no desire to seek one. The highest, about 21% (suggested one) by Joe Biden)”. Not only for Europe, but for our country as well: “Italy – he continues – 15% of the figure is about 3 billion, instead of 21% about 8. The Union is European, 50 billion 15%, 21% by 100”. That is why, in Fazio’s opinion, “a general rate will be discussed at the European level in the coming months”.
On the Sky TG24 Business episode on October 14th (Review it here), And space for central bank initiatives to combat rising inflation Gianluca Garby, Chief Executive Officer of Banka Systems, and responsible for introducing the Green Pass to enter the workplace. Marina Calderon, President of the Labor Consultants Council.
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