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Real profit which a multinational company does. there remains a lot of details of this kind to be sorted out, but let s look at the major political signal. out, but let s look at the major politicalsignal. i out, but let s look at the major political signal. i think this is what matters today, and of course we owe this to a change in mind in two major g7 countries which, for a long time, had opposed this, which are the us and the uk. i remember being a sherpa in the 1980s and 90s. i mean, france, germany, italy and canada were in favour uk and us were opposing at the time. this canada were in favour - uk and us were opposing at the time.- canada were in favour - uk and us were opposing at the time. this is a chance. it were opposing at the time. this is a change. it certainly were opposing at the time. this is a change. it certainly is. were opposing at the time. this is a change. it certainly is. pascale - change. it certainly is. pascale pascal lamy, thank you very much. the he ....
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 ....
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 ....