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What is a global minimum tax?

Updated / Thursday, 8 Apr 2021 09:58 The US is working with G20 countries to agree on a global minimum corporate tax rate US Treasury Secretary Janet Yellen has thrown the weight of the US government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. Yellen said this week that she is working with G20 countries to agree on a global minimum, which she said could help end a 30-year race to the bottom on corporate tax rates. WHY A GLOBAL MINIMUM TAX? Major economies are aiming to discourage multinational companies from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made. Increasingly, income from intangible sources such as drug patents, software and royalties on intellectual property has migrated to these jurisdictions, allowing companies to avoid paying higher taxes in their traditional home countries.

United statesJanet yellenOrganization for economic cooperationSecretary janet yellenIntangible low taxed incomeParis based organizationEconomic cooperationஒன்றுபட்டது மாநிலங்களில்ஆர்கநைஸேஶந் க்கு பொருளாதார ஒத்துழைப்புபுலனாகாத குறைந்த வரி விதிக்கப்பட்டுள்ளது வருமானம்பாரிஸ் அடிப்படையிலானது ஆர்கநைஸேஶந்பொருளாதார ஒத்துழைப்பு

Breakingviews - Path out of global tax combat is slowly emerging

Breakingviews WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) - A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly emerging. The key development came late on Wednesday with a new U.S. proposal for how taxation rights should be allocated between countries. President Joe Biden’s administration wants about 100 of the world’s largest companies, including technology giants like Facebook, to pay some tax based on where sales are generated rather than just where profits are declared, the Financial Times reported.

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Explainer: What Is a Global Minimum Tax and How Could It Affect Companies, Countries?

Explainer: What is a global minimum tax and how could it affect companies, countries? Leigh Thomas , By Leigh Thomas and David Lawder PARIS/WASHINGTON (Reuters) - Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation. Yellen said on Monday that she is working with G20 countries to agree on a global minimum, which she said could help end a 30-year race to the bottom on corporate tax rates.

United statesFrance generalLeslie adlerJanet yellenLeigh thomasDavid lawderDan burnsEuropean unionOrganization for economic cooperationSecretary janet yellenIntangible low taxed incomeParis based organizationEconomic cooperationஒன்றுபட்டது மாநிலங்களில்பிரான்ஸ் ஜநரல்லே தாமஸ்

Explainer: What is a global minimum tax and how could it affect companies, countries?

Explainer: What is a global minimum tax and how could it affect companies, countries?
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United statesFrance generalLeslie adlerJanet yellenLeigh thomasDavid lawderDan burnsThomson reuters trust principlesEuropean unionOrganization for economic cooperationSecretary janet yellenIntangible low taxed incomeParis based organizationEconomic cooperationThomson reuters trustஒன்றுபட்டது மாநிலங்களில்