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G20 endorses historic global tax reform


G20 endorses historic global tax reform
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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)
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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.
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But the endorsement by the 19 biggest economies plus the European Union will help ensure it becomes a reality following years of negotiations. ....

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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. ....

United Kingdom , United States , Janet Yellen , Bruno Le Maire , Olaf Scholz , Elena Carraro , Joe Biden , Paolo Gentiloni , Nirmala Sitharaman , Daniele Franco , International Monetary Fund , European Union , Secretary Janet Yellen , Finance Minister Bruno Le Maire , Finance Minister Nirmala Sitharaman , Finance Minister Daniele Franco , British Finance Minister Rishi Sunak , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது மாநிலங்களில் , புருனோ லெ மேர் , ஓலேஃப் ஸ்கோல்ஸ் , ஓஹோ பிடென் , டேனியல் பிராங்கோ , சர்வதேச பண நிதி , ஐரோப்பிய தொழிற்சங்கம் , நிதி அமைச்சர் புருனோ லெ மேர் ,