Reuters reports that G7 finance ministers should support the OECD’s plan for a minimum corporate tax rate globally.
A step towards international taxation against companies. The G7 finance ministers are committed to ending the international agreement on corporate taxes next July, Reuters said in a draft press release. Therefore, the G7 should support the plan of the Organization for Economic Co-operation and Development (OECD), which wants to set the lowest corporate tax rate globally.
The United States recently proposed a tax of “at least 15%” on multinational profits, which is less likely to gain support than it has so far. Within the G7 – the United States, Japan, the United Kingdom, Germany, France, Italy, Canada, the European Union – Paris and Berlin – the US government has already provided support.
To a contract in July?
The G20 expects a comprehensive agreement to bring the country’s finance ministers and central bank governors together at the G20 finance summit next July. But some countries, including Ireland, which relies on favorable taxes, do not want to give it up.
Tv fanatic. Amateur food maven. Devoted webaholic. Travel lover. Entrepreneur. Evil writer. Beer guru.