Finance ministers from wealthy G7 nations pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan.
Chancellor of the Exchequer Rishi Sunak welcomes Paschal Donohoe from the Euro Group, to the G7 finance ministers meeting at Lancaster House in London.British finance minister Rishi Sunak said the deal would create a level playing field for companies around the world. That has in turn cost their public coffers hundreds of billions of dollars - a shortfall they now need to recoup all the more urgently to pay for the huge cost of propping up economies ravaged by the coronavirus crisis.Victoria's richest property owners to be hit with new taxes in move aimed at boosting COVID-19 recovery
Canada's Finance Minister Chrystia Freeland and Secretary-General of the Organisation for Economic Co-operation and Development Mathias Cormann."We commit to reaching an equitable solution on the allocation of taxing rights, with market countries awarded taxing rights on at least 20 per cent of profit exceeding a 10% margin for the largest and most profitable multinational enterprises," the text added.
LOL! Corrupt parasites!
Many poor nations in Africa pay billions to France
Finally admitting that trickle down is not getting through?
And they will put everything up 20% and make a 5% profit, their bean counters will be working on that now as we tweet.
Let’s see if that includes the usual loopholes in the US, UK, etc
What happens in the Caymans , where there is no corporate tax provision in their tax system ?
CANADA US CIA EUGENICS CHURCH. CIVILIZED? THE GREAT DARKNESS THE CHILDREN SACRIFICED
Aka taking money out of peoples pockets