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G20 endorses historic global tax reform

G20 endorses historic global tax reform Toggle share menu Advertisement Singapore s Finance Minister Lawrence Wong speaking at the G20 meeting. (Photo: Facebook/Lawrence Wong) 11 Jul 2021 08:37AM (Updated: 11 Jul 2021 08:40AM) Share this content Bookmark VENICE: G20 finance ministers on Saturday (Jul 10) gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board. A total of 132 countries have already signed up to a framework for international tax reform, including a minimum corporate rate of 15 per cent, struck earlier this month. Advertisement Advertisement But the endorsement by the 19 biggest economies plus the European Union will help ensure it becomes a reality following years of negotiations.

Global Tax Reform: G20 Backs Historic Deal To Overhaul The Way Multinational Firms Are Taxed

Global tax reform: Some 132 countries have already signed up to a framework for international tax reform. Venice: G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board. Some 132 countries have already signed up to a framework for international tax reform, including a minimum corporate rate of 15 percent, struck earlier this month. But the endorsement by the 19 biggest economies plus the European Union will help ensure it becomes a reality following years of negotiations. We have achieved a historic agreement on a more stable and fairer international tax architecture, the ministers said in a final statement following two days of talks in Venice, hosted by G20 president Italy.

G20 endorses historic global tax reform | Borneo Bulletin Online

G20 endorses historic global tax reform | Borneo Bulletin Online
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