VENICE, ITALY -- Finance Minister Chrystia Freeland says Canada is all in on a "historic" effort to prevent multinational companies from shopping around for lower tax rates.
Freeland and other finance ministers from the Group of 20 countries representing most of the world's economy formally endorsed a plan for major changes to global taxation at a meeting in Venice, Italy on Saturday. The plan includes a 15 per cent global minimum corporate levy to deter big companies from making use of low-rate tax haven.The Paris-based Organization for Economic Cooperation and Development is set to hash out more key details of the proposed plan before G20 leaders make a final decision at their meeting on Oct. 30-31 in Rome.
Freeland says the deal could "end the race to the bottom in corporate taxation around the world and ensure that all multinational corporations pay their fair share of taxes, regardless of where they do business or their headquarters are located." Freeland also says the deal will level the playing field for Canadian companies by ending jurisdiction shopping, ensuring that the country's workforce and social safety net are globally competitive.This story was produced with the financial assistance of the Facebook and Canadian Press News Fellowship.
There r ppl working abroad & spouses collecting single mother welfare. The spouse visit once a year & another baby pop out. Tax payers work 2 or 3 jobs 2 make ends meet. every week tourist babies are born without ohip & fake address. Ty Trudeau.
Get that shot out of your head. We have to be leaders not followers. This is absolutely a terrible idea for every business in Canada. We will be fucked
Who collects?
How do poorer nations attract business?
Hypocrites wearing MASKS..on camera only
Liberals love their taxes
I like her red shoes?
15 % global tax rate is a joke.
Pointless if they don't crack down on offshore tax avoidance, anonymous numbered trusts and family wealth sprinkling schemes...
Ha ha ha. She is committed to it right up until after the next election.
Time to cut these clowns wages, they must be feeling like they have too much!!!!!! This women is a clown, so is JT a clown. A clown who’s living on his daddies trust fund, must be feeling guilty so he needs to take more, driving living costs higher and distribute it as a gift.
I think the biggest scam these politicians do is sell homes to international gangbangers looking to launder money, but they sell at double market value and walk away with tax free profits. Canada needs lethal inj sentence for politicians who conduct illegal financial laundering.
Everyone but indigenous ppl have to pay taxes to support the inbred tribes so the can dance and sing, eat KFC and drink at the casino!
So they say How many Canadians did you talk too. I gor won aren't ready for another tax but you are going to do it anyway. Like you normally do without asking the people. Come on we aren't stupid. You only want to add another tax so you can line your pockets
FriendsOScience I feel sorry for the rest of the globe if they take financial advice from the Trudeau Liberals
I know this is terribly shallow, but would someone PLEASE give Christa some advice on how to dress?
Yup more money for the politicians to pocket
Good. Give the cheaters less places to run to 👍
Tax the corporations and bring in UBI.
And lowering of slave workers taxes!
Finance? We don’t have finance. We have debt. Should be Minister or Debt
but, but you the communist state news, should have even higher global corporate taxes on you further, since your getting everyone's tax dollars to push the state news
When the west is trying to get companies to move out of China this is not the right move