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Global Tax Deal Backed By 130 Nations, Implementation Planned For October

Global Tax Deal Backed By 130 Nations, Implementation Planned For October
Global Tax Deal Backed By 130 Nations, Implementation Planned For October
The Organization for Economic Co-operation and Development said in a statement that global companies, including US behemoths Google, Amazon, Facebook, and Apple would be taxed at a rate of at least 15 percent once the deal is implemented.
China too has endorsed the agreement (Representational)
Paris:
A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.
The Organization for Economic Co-operation and Development said in a statement that global companies, including US behemoths Google, Amazon, Facebook, and Apple would be taxed at a rate of at least 15 percent once the deal is implemented. ....

United States , United Kingdom , Paschal Donohoe , Mathias Cormann , Joe Biden , Organization For Economic , Implementation Planned For October , Economic Cooperation , Rishi Sunak , Finance Minister Paschal Donohoe , Inclusive Framework Members , General Mathias , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பாஸ்கல் தொனொோே , ஓஹோ பிடென் , ஆர்கநைஸேஶந் க்கு பொருளாதார , பொருளாதார ஒத்துழைப்பு , ரிஷி சுனக் , நிதி அமைச்சர் பாஸ்கல் தொனொோே , உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் ,

'Historic day' as 130 countries back global 15% minimum corporate tax rate

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Related video: G7 nations reach historic deal to tax multinational corporations
Plans to force multinational companies to pay fairer tax by setting a global minimum have taken a step forward with the backing of 130 countries and jurisdictions, the Organisation for Economic Cooperation and Development announced on Thursday.
The US-backed deal sets a corporation tax rate of no less than 15 per cent in a bid to discourage companies from moving from one country to another to exploit lower rates.
G7 leaders gave their approval at the summit in Cornwall last month. Collectively, countries that have agreed to the plan represent more than 90 per cent of the world’s GDP. ....

United States , Janet Yellen , Mathias Cormann , Kevin Brady , Organisation For Economic , Means Committee , Biden Administration , Economic Cooperation , Secretary Janet Yellen , General Mathias Cormann , Inclusive Framework Members , House Ways , Texas Republican Rep Kevin Brady , ஒன்றுபட்டது மாநிலங்களில் , கெவின் பிராடி , ஆர்கநைஸேஶந் க்கு பொருளாதார , பொருள் குழு , பொருளாதார ஒத்துழைப்பு , உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் , வீடு வழிகள் ,

130 countries back global minimum corporate tax rate of 15 per cent, OECD says

130 countries back global minimum corporate tax rate of 15 per cent, OECD says
Gustaf Kilander
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Plans to force multinational companies to pay fairer tax by setting a global minimum have taken a step forward with the backing of 130 countries and jurisdictions, the Organisation for Economic Cooperation and Development announced on Thursday.
The US-backed deal sets a corporation tax rate of no less than 15 per cent in a bid to discourage companies from moving from one country to another to exploit lower rates.
G7 leaders gave their approval at the summit in Cornwall last month. Collectively, countries that have agreed to the plan represent more than 90 per cent of the world’s GDP. ....

United States , Janet Yellen , Mathias Cormann , Kevin Brady , Organisation For Economic , Means Committee , Biden Administration , Economic Cooperation , Secretary Janet Yellen , General Mathias Cormann , Inclusive Framework Members , House Ways , Texas Republican Rep Kevin Brady , ஒன்றுபட்டது மாநிலங்களில் , கெவின் பிராடி , ஆர்கநைஸேஶந் க்கு பொருளாதார , பொருள் குழு , பொருளாதார ஒத்துழைப்பு , உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் , வீடு வழிகள் ,

Global tax deal backed by 130 nations

Global tax deal backed by 130 nations
3
published :
2 Jul 2021 at 08:45
US digital giants are the main targets of the new tax.
PARIS: A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.
The Organization for Economic Co-operation and Development said in a statement that global companies, including US behemoths Google, Amazon, Facebook, and Apple would be taxed at a rate of at least 15% once the deal is implemented.
The new tax regime will add some $150 billion to government coffers globally once it comes into force, which the OECD said it hoped would be in 2023. ....

United States , France General , United Kingdom , Paschal Donohoe , Mathias Cormann , Joe Biden , Organization For Economic , Economic Cooperation , Rishi Sunak , Finance Minister Paschal Donohoe , Inclusive Framework Members , General Mathias , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பாஸ்கல் தொனொோே , ஓஹோ பிடென் , ஆர்கநைஸேஶந் க்கு பொருளாதார , பொருளாதார ஒத்துழைப்பு , ரிஷி சுனக் , நிதி அமைச்சர் பாஸ்கல் தொனொோே , உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் ,

Revenue Minister says NZ a winner from $359 billion multinational tax deal

That minimum tax rule will prevent multinationals making use of tax havens and is expected to result in an additional US$150b (NZ$215b) of tax being collected by tax authorities each year, globally.
A second rule will allow countries to claim a share of any excess global profits earned by the world’s very largest multinationals, even in situations where they only exported products or services to that country and would not normally be subject to local taxation.
British chancellor Rishi Sunak hailed the multinational tax plan as one that would bring fairness when it was endorsed by the G7 last month. ....

New Zealand , United States , United Kingdom , France General , David Parker , Mathias Cormann , Oxfam Aotearoa , Jo Spratt , Digital Services Tax , Revenue Minister David Parker , Digital Services , Inclusive Framework Members , புதியது ஜீலாந்து , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் பார்க்கர் , ஜோ ஸ்ப்ராட் , டிஜிட்டல் சேவைகள் வரி , வருவாய் அமைச்சர் டேவிட் பார்க்கர் , டிஜிட்டல் சேவைகள் , உள்ளடக்கியது கட்டமைப்பு உறுப்பினர்கள் ,