G-7 Nations Agree on New Rules for Taxing Global Companies

The Group of Seven leading rich countries agreed to back new rules for taxing businesses that operate internationally in a significant step toward a global agreement that would deliver theThe agreement, reached by treasury chiefs during a meeting in London on Saturday, resolves long-running tensions between the U.S. and large European economies that have at times threatened to push the international tax system into chaos and spark a trans-Atlantic trade conflict.

Under the deal, G-7 members will back a global minimum tax rate on company profits and a new way of sharing the revenues fromThe G-7, which comprises Canada, France, Germany, Italy, Japan, the U.K. and the U.S., agreed that businesses should pay a minimum tax rate of at least 15%. “The G-7 finance ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%,” said Treasury Secretary Janet Yellen.

Why don't you make rich people pay their fare share of income tax. Ahem Musk /Beastos sorry bezos They are the true scum.

I smell socialism

The G7 just proved that world leaders can agree taxing multinationals. Now do a global 'Solidarity Tax', and raise trillions to eradicate world poverty and extreme wealth inequality!

Yes! Btw look up the definition of socialism.

It is amazing how the countries that are the biggest arms manufacturers in the world have decided to punish small nations that don't cause wars and look to foreign investment that doesn't kill innocent people. If they could only have the same dedication to global warming 🙄🙄

I think if they r earning handsome money then they should pay the money

At long last. Now I am not a huge fan of taxation but I am a bigger opponent of tax avoidance.

Last I heard, G7 cannot make rules for the rest of the world. Talk to Switzerland first if you want to make progress.

AYA fintech network platform provides social finance tools and proprietary alpha stock signals for U.S. stocks such as Facebook, Apple, Microsoft, Google, and Amazon (FAMGA).

President Biden is getting things done on the global stage.

JonLemire Close the loopholes!

Having borrowed and spent unprecedented amounts of money governments are now going after businesses to claw in yet more money. There will be a price to pay in terms of jobs.

Yeah they're paying less most people pay anywhere between 20 and 35 average off 21% that's why they always in Southeast Asia Canada and the UAE

horrible

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