G7 nations close to historic deal to tax tech giants in plan that would 'change the world', says German finance minister

The deal entails two"pillars": First, there will be special rules to change how much tax some large companies will pay, and where those taxes are paid.

The second pillar involves the creation of a global minimum corporate tax rate, designed to encourage countries not to cut their business tax rate below 15%. "This is a historic moment, and it will help us to do our job: to serve our people. It's about fairness and justice."Asked about the implications of a deal for the tax revenues of developed countries, which some experts calculate could be boosted by many billions as profits are shifted back from tax havens, Mr Scholz said:"This will help finance our countries.

According to others close to the negotiations, the technical talks are still ongoing, with"sherpas" from G7 nations expected to carry on discussing details through the night.

Yeah and then how many free factories will you all build them for an empty gesture to the rest of the world, you twunts think we don't know what yiu do to get companies to settle in your countries 🌎🌎🤣🤣🤣🤣

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European finance ministers push for G7 tax abuse deal | First ThingBefore the G7 summit, the EU’s four biggest economies united to increase pressure for an agreement to curb global tax abuse by multinational companies Dr. Lawrence Sellin: COVID-19 Was made under the supervision of the Chinese Communist People’s Liberation Army 👇 NfscSuperpower jackson66368924 Taiwan_paris chingtaiwanfarm waynexfwang Superhero712 DCAtomy NoBuBattle ccpdown64wz
Source: The Guardian - 🏆 84. / 53 Read more »

G7 finance ministers could give global corporation tax reform real momentumIt doesn't feel as momentous as the main summit but there is still a lot at stake as the group's finance ministers meet this week. I saw several people testifying of making so much money with the help of LISAMARKDONALDT on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you for transparency and trust. Ministers want to give the big companies the tax relief. This is because they get big funding from those companies to support their agenda to keep the wealth away from the poorest. Tax Corbyn more, he's a multi millionaire.
Source: SkyNews - 🏆 35. / 67 Read more »