PARIS, June 9 The Group of Seven wealthy nations may have endorsed a plan to ensure the world’s biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it. The landmark deal is supposed to help put an end to top multinationals shopping for countries with low.
Amazon may escape global tax rules
France vows to fight for tech giant’s inclusion in digital tax
AFP
June 10, 2021
Le Maire acknowledged there were several obstacles still to overcome before the world could apply the digital tax regime. PHOTO: REUTERS
PARIS:
The Group of Seven wealthy nations may have endorsed a plan to ensure the world’s biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape part of its provisions.
The landmark deal is supposed to help put an end to top multinationals shopping for countries with low corporate tax rates in which to book their profits instead of paying where they conduct their business.