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130 Countries Agree to Biden-Backed 15% Global Minimum Tax International tax reform would make multinational companies pay a fair share of tax wherever they operate. Ireland one of nine holdouts who refuse to sign. Image Credit: Email Following weeks of intense talks involving diplomats from more than 130 countries and jurisdictions, Washington has succeeded in winning international backing for a new global minimum corporate tax framework that, if implemented, would constitute the biggest shakeup in international tax rules in a century. The world took a critical step toward implementing the deal, which involves implementing an international minimum corporate tax rate in exchange for the US sharing the tax spoils from hundreds of the biggest American multinationals. The plan is a critical piece of Biden’s “Build Back Better” strategy, which involves passing trillions of dollars in “infrastructure” spending that will be partially offset by the big ....
By siliconindia | Friday, 02 July 2021, 03:33 Hrs US Treasury Secretary Janet Yellen and the Organization for Economic Cooperation and Development (OECD) announced on Thursday that 130 countries, including Switzerland, China and India, have agreed to back a global minimum corporate tax rate of at least 15 per cent, a policy priority for the Joe Biden administration, which has proposed major tax hikes on corporations to fund investments in infrastructure and social services, Forbes reported. OECD said that 130 countries have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. These 130 countries and jurisdictions, representing more than 90 per cent of global GDP, joined the statement establishing a new framework for international tax reform. ....
International tax rules reform: 130 countries support minimum 15% rate on large multinationals' profits — MercoPress mercopress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mercopress.com Daily Mail and Mail on Sunday newspapers.
130 Countries Including USA, China And India Agree For Global Minimum Corporate Tax Representative Image of various currencies (Petr Kratochvil/Public Domain Pictures) US Treasury Secretary Janet Yellen and the Organization for Economic Cooperation and Development (OECD) announced on Thursday that 130 countries, including Switzerland, China and India, have agreed to back a global minimum corporate tax rate of at least 15 per cent, a policy priority for the Joe Biden administration, which has proposed major tax hikes on corporations to fund investments in infrastructure and social services, Forbes reported. OECD said that 130 countries have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. ....
130 countries and jurisdictions join bold new framework for international tax reform hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.