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Global tax revolution: Minimum tax brings even more money

The industrialized countries organization OECD is increasing its expectations of the new regulations. What remains of the more than 200 billion dollars for Germany?

Transcripts for BBCNEWS BBC News 20211009 04:06:00

all our security forces are working on the investigation. we will find the culprits and then they will be dealt with according to sharia law. the taliban say they are bringing stability, but is is a growing concern for afghans and the wider region. secunder kermani, bbc news. it is the most significant overhaul of the international tax system in a generation. 136 countries back to the accord under which the largest multinationals will pay a minimum tax rate of 15%. it is estimated it will result in additional tax revenues of around a per year.- around a per year. this agreement around a per year. this agreement at - around a per year. this agreement at the - around a per year. this agreement at the levelj around a per year. this i agreement at the level of around a per year. this - agreement at the level of the oecd is clearly a tax

Transcripts for BBCNEWS BBC News 20211009 01:07:00

rate of corporation tax. president biden says it will even the playing field around the world. here is how it will work. the minimum rate will be set at 15% lower than the global average but higher than, for example, ireland s12.5% rate. 136 countries have signed up, only kenya and nigeria, pakistan and sri lanka have refused. the organisation for economic co operation and development, which brokered the deal, says countries will collect around $150 billion a year extra in tax revenues. here is the french finance minister bruno le maire. it will allow us to fight with more efficiency against the rising inequalities in the world. this agreement at the level of the oecd is clearly a tax revolution a tax revolution which will lead to less unfairness, to more justice, more efficiency.

Transcripts for BBCNEWS BBC News 20211009 00:02:00

136 countries have signed up, only can you and nigeria, pakistan and sri lanka have refused. the organisation for economic co operation and development which brokered the deal is countries will collect around $150 billion a year extra in tax revenues. here is the french finance minister. it will allow us to fight with more efficiency against the rising inequalities in the world. this agreement at the level of the oecd is clearly a tax revolution. a tax revolution which will lead to less unfairness, to more justice, more efficiency. more on this now, daniel bunn is at the tax foundation and joins metlife from baltimore. this has been in motion since about 2015 and quite a big deal

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