• Fri. Jan 21st, 2022

Multinational taxation, historic agreement at the G7

Byeditorial

Jun 5, 2021

The agreement, for a minimum tax of 15%, aims to hit above all multinationals in the technology sector, such as Amazon and Microsoft The G7 finance ministers have reached a historic agreement on a minimum taxation globally for the profits of large companies multinationals. Agreement that aims to hit above all multinationals in the technology sector, such as Amazon and Microsoft, by establishing a minimum taxation at global level on their profits (corporate tax). This was announced in a tweet by the British Chancellor of the Exchequer, Rishi Sunak. The agreement reached at the G7 in London for a minimum global corporate tax of at least 15% “is a starting point. In the coming months we will fight for it to be as high as possible. The battle will continue at the G20, at the OECD but today a historic milestone has been reached “. This was stated by the French Minister of Economy, Bruno Le Maire at the end of the G7. For the first time in decades, adds Le Maire, “the member states of the G7 are capable of defining rules for the international system of the twenty-first century. agreement we can be proud of. We have been committed for 4 years to fair digital taxation and minimum corporate taxation. Here we are. There will be taxation on digital giants and there will be minimum taxation on taxation of company to avoid tax evasion and optimization “. In short, for the French Minister of Economy, the one found in London at the G7 “is an ambitious agreement”.

One thought on “Multinational taxation, historic agreement at the G7”
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