G20 finance ministers back deal to tax companies

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The plan aims to make companies pay their 'fair share' by setting a minimum global tax rate.

G20 finance ministers have backed a "historic" plan which will see multinational companies pay their "fair share" of tax around the world.It is likely to affect companies like Amazon and Facebook.

The agreement is a further boost for the plan signed up to by leaders of the G7 major economies in Cornwall a month ago. The UK's Chancellor Rishi Sunak hailed the deal as "historic", adding it would ensure the "global tax system is fit for purpose in a digital age"."We are putting an end to the race to the bottom and the digital giants will now pay their fair share of taxes," he added. "It's a once-in-a-century tax revolution."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

মুহাম্মাদ কাসীমের স্বপ্ন অনুসারে, নবী মুহাম্মাদ ﷺ গাজওয়া-ই-হিন্দে অদৃশ্যভাবে ও গোপনে অংশ নেবেন এবং এটি কেবল পাকিস্তানের শীর্ষস্থানীয় কমান্ডারের জ্ঞানে থাকবে। তার স্বপ্নগুলো আমাদের আশ্বস্ত করে যে এই ঘটনাটি খুব বেশি দূরে নয়।

This is good news! I’m all for capitalism but at the moment some companies are taking the piss.

Watch: Slapped By 'BJP People', UP Police Officer Pleads To Seniors

Singapore Singapore Latest News, Singapore Singapore Headlines