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130 countries back deal on global minimum tax for companies

130 countries back deal on global minimum tax for companies DAVID MCHUGH, AP Business Writer July 1, 2021 FacebookTwitterEmail 5 1of5FILE - In this June 7, 2017 file photo, the Organisation for Economic Co-operation and Development (OECD) headquarters is pictured in Paris, France. Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced by the Organization for Economic Cooperation and Development Thursday also provides for taxing the largest global companies in countries where they earn profits through online businesses but may have no physical presence.Francois Mori/APShow MoreShow Less

130 countries back global minimum corporate tax of 15% - Netscape Money & Business

130 countries back global minimum corporate tax of 15% By Leigh Thomas Reuters PARIS (Reuters) -Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks. The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least 15% could yield around $150 billion in additional global tax revenues annually. It said 130 countries, representing more than 90% of global GDP, had backed the agreement at the talks.

130 countries back bid to enforce global taxes on Amazon, Google, Facebook

130 countries back bid to enforce global taxes on Amazon, Google, Facebook
timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.

130 countries back deal on global minimum tax for companies - The Hindu BusinessLine

130 countries back deal on global minimum tax for companies - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

130 countries back deal on global minimum tax for companies - Indianapolis Business Journal

130 countries back deal on global minimum tax for companies - Indianapolis Business Journal
ibj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibj.com Daily Mail and Mail on Sunday newspapers.

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