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Global minimum tax: agreement to 130 countries

2021-07-01T22:36:45.178Z


Ireland and Hungary refuse to join the declaration on a taxation of at least 15% orchestrated by the OECD.


One of the trickiest steps in implementing a global minimum tax was taken on Thursday.

After the impetus of the great powers at the G7 at the beginning of June, this time 130 countries, representing more than 90% of world GDP, agreed on the bases of this unprecedented reform.

Read also:

Global tax: 139 countries in search of a compromise

Nine states that participated in this two-day videoconference negotiation under the aegis of the OECD have not

"yet"

signed the text.

Among them are Ireland and Hungary, whose corporate tax rates are below the 15% floor adopted as the global minimum.

A task on the unanimity of Europeans, necessary to implement the reform.

On the other hand, China, India, Russia and Turkey are in the game.

The six-page document outlines an ambitious reform aimed at

“meeting the fiscal challenges posed by the digitization of the economy”.

A political agreement must endorse it at the G20 finance ministers, in Venice, at the end of the week

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Source: lefigaro

All news articles on 2021-07-01

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