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Energy prices drive Europe inflation to highest since 2008 | Taiwan News

Energy prices drive Europe inflation to highest since 2008 | 2021-10-01 21:19:45

Yuli Murray: We can not prevent the reform of the tax of multinational corporations

July 12, 2021 Yuli Murray: “We can not prevent the reform of the tax of multinational corporations” – rts.ch. by Jake Pearson When G20’s big funders approved a tax reform for multinational corporations on Saturday aimed at ending tax breaks, Federal Councilor Julie Murray did not hide her frustration after the decision. “But we can’t stop this reform.” It was in Venice that the big G20 funders adopted a reform that was considered “revolutionary” in the taxation of multinational corporations, which had already been approved by 132 countries, including Switzerland, promising to shake up international taxes permanently. U.S. Treasury Secretary Janet Yellen gave a chorus of exciting reactions to the tax, to European Economic Commissioner Paulo Gentiloni, who called on the world to act quickly to finalize the reform.

Winners and losers from minimum tax on multinationals

Daily Times July 11, 2021 G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to stop nations from using ultra-low tax rates to attract businesses. The world’s top economies would be the biggest gainers of the OECD-brokered preliminary deal, while tax havens would be the biggest losers.   Big countries to win The United States, Germany, France, etc… the world’s biggest countries are where multinationals do most of their business but are less and less likely to have their tax homes. These countries stand to benefit from a measure that would redistribute part of the corporate taxes raised to nations where multinationals actually make their profits.

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