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Daily Times
July 11, 2021
G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to stop nations from using ultra-low tax rates to attract businesses.
The world’s top economies would be the biggest gainers of the OECD-brokered preliminary deal, while tax havens would be the biggest losers.
Big countries to win
The United States, Germany, France, etc… the world’s biggest countries are where multinationals do most of their business but are less and less likely to have their tax homes.
These countries stand to benefit from a measure that would redistribute part of the corporate taxes raised to nations where multinationals actually make their profits.
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