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Articles for Multinationals, search results for minimum

'Broad consensus' on taxing MNCs, says OECD, flags India's concerns
1 year, 2 months ago

'Broad consensus' on taxing MNCs, says OECD, flags India's concerns

Firstpost  

Multinationals, especially tech firms, are currently able to shift profits easily to countries with low tax rates even though they carry out only a small part of their activities there The OECD on Wednesday published a draft agreement aimed at the fairer distribution of tax revenues on profits made by large multinationals. Multinationals, especially tech firms, are currently able to …

Tax Countries Oecd Multinationals Draft Agreement Broad Consensus
Time to fix the way governments tax multinational companies
1 year, 8 months ago

Time to fix the way governments tax multinational companies

Hindustan Times  

TAX COMPANIES too much, and growth will shrivel. Meanwhile the pandemic is forcing governments to find ways to plug their fiscal deficits, not least the Biden administration, which wants to increase multinationals’ tax rate. The best hope for an amicable outcome lies in a forum run by the OECD, a club of mainly rich countries, where this summer 139 countries …

Countries Oecd Tax Havens Transfer Pricing
EXPLAINER: How G20-backed corporate minimum tax would work
3 years, 1 month ago

EXPLAINER: How G20-backed corporate minimum tax would work

Associated Press  

ROME — Leaders at the Group of 20 summit in Rome are expressing broad support for sweeping changes in how big global companies are taxed. White House officials are saying the global minimum would result in almost $60 billion of added U.S. tax revenue. The basic idea is simple: Countries would legislate a minimum rate of at least 15% for …

Global Tax Companies Countries Biden Rate Minimum
G7 Strikes 'Historic' Agreement Over Global Corporate Tax, Targeting Tech Giants
3 years, 6 months ago

G7 Strikes 'Historic' Agreement Over Global Corporate Tax, Targeting Tech Giants

News 18  

Finance ministers from wealthy G7 nations on Saturday endorsed a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan targeting tech giants and other multinationals accused of not paying enough. US Treasury Secretary Janet Yellen hailed the “unprecedented commitment”, saying in a statement that a global minimum tax “would end the race to the bottom …

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Germany, France Back 21% Global Minimum Corporate Tax Proposal
3 years, 7 months ago

Germany, France Back 21% Global Minimum Corporate Tax Proposal

News 18  

Germany and France on Tuesday voiced support for a call from the United States to impose a global minimum corporate tax of 21 percent, a move which targets huge multinationals like Amazon and Google. “People are fed up with big companies for not paying their fair share of taxes,” French Finance Minister Bruno Le Maire told Die Zeit weekly. Washington …

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US plan for taxing multinationals boosts chances of global deal
3 years, 8 months ago

US plan for taxing multinationals boosts chances of global deal

CNN  

London CNN Business — For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system rife with loopholeslong exploited by big business. The Biden administration’s decision to back a global minimum corporate tax rate while it pushes a massive $2 trillion infrastructure package in the United States has ignited …

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