minimum rate of 21%. we do hope that countries will be ambitious minimum rate of 21%. we do hope that countries will be ambitious and - minimum rate of 21%. we do hope that countries will be ambitious and the - countries will be ambitious and the agreement is at least 15%, so we have agreement is at least 15%, so we have yet agreement is at least 15%, so we have yet to agreement is at least 15%, so we have yet to set the final rate. the chancellor have yet to set the final rate. tue: chancellor acknowledged have yet to set the final rate. t te: chancellor acknowledged that have yet to set the final rate. t“te: chancellor acknowledged that the deal would mean individual digital services tax, including the uk s, would have to go, but it is unclear when. the proposals must now go to the wider g20 group, including china, russia and brazil, then the rest of the world. the german finance minister hailed today as an important step, even if difficult conversations lay ahead with cou
this is still a decision that has to be taken by unanimity in the european union, which is the reason why these countries are so far have succeeded in objecting to this. i think the resistance will be enormously eroded by g7 agreement. in terms of the tech companies themselves, they have said so far that they want this process to work. how convinced are you by that? good oint! the how convinced are you by that? good point! they know how convinced are you by that? good point! they know where how convinced are you by that? (emf. point! they know where the wind how convinced are you by that? (ef>;f>f. point! they know where the wind is blowing from. they know how they are putting these things, excessive taxation is over,
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alter their own tax rates independently?- alter their own tax rates independently? alter their own tax rates inde endentl ? ~ ., , independently? well, to the first art of independently? well, to the first part of your independently? well, to the first part of your question, independently? well, to the first part of your question, i - independently? well, to the first part of your question, i think - independently? well, to the first part of your question, i think the j part of your question, i think the 620 part of your question, i think the g20 will follow. i do not see come the 620, g20 will follow. i do not see come the g20, a country that would oppose this enough to prevent a g20 agreement. and on the second part of your question, let me be frank. if i am a small country, i can put a very low tax rate, attract a lot of fiscal base without having to shrink my public spending. this is unfair. it is unfair competition. this will have to change, and notably within the european uni
of the change that is coming, continue to have the kind of legitimate policies in place in ireland that deliver a competitive approach for ireland and allow us to grow and retain employment. we are doing all this in a changing world and i have always acknowledged this change is coming, much work lies ahead in that change and ireland looks forward to playing a constructive role in it. let s discuss today s agreement in more detail with the former director general of the world trade organization, and president of the paris peace forum, pascal lamy. thank you very much forjoining us. how much fairer with a tax regime like this make the world?- like this make the world? well, i think it is an like this make the world? well, i think it is an important like this make the world? well, i l think it is an important agreement for different reasons. the first one is that it is a major progress, step forward in global dominance that