WASHINGTON, Oct 5 US President Joe Biden, in a call with European Commission President Ursula von der Leyen on Monday, emphasised the importance of “leveling the playing field in the international tax system,” the White House said in a statement. The United States is looking for G20.
PARIS, Oct 5 Global talks to rewrite the rules for taxing cross-border business are at a critical phase and a compromise is possible on a minimum corporate tax rate of 15 per cent, French Finance Minister Bruno Le Maire said today. Some 140 countries aim to finalise the first major overhaul in.
Wednesday, 09 Jun 2021 11:51 AM MYT
The agreement between the US and its G7 partners Britain, France, Japan, Italy, Germany and Canada in London at the weekend is only the first step in a long process. Reuters pic
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PARIS, June 9 After the accolades, an agreement among the world’s wealthiest countries to set a global minimum tax on the biggest companies now faces a long, bumpy road to implementation.
The path is complicated even among the Group of Seven rich nations that endorsed the plan, with US President Joe Biden having to convince recalcitrant members of Congress.
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.