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Title : G-7 Nations Reach A Deal On Global Tax Reform
link : G-7 Nations Reach A Deal On Global Tax Reform

G-7 Nations Reach A Deal On Global Tax Reform

 

DNYUZ/New York Times: Finance Leaders Reach Global Tax Deal Aimed at Ending Profit Shifting 

LONDON — The top economic officials from the world’s advanced economies reached a breakthrough on Saturday in their years long efforts to overhaul international tax laws, unveiling a broad agreement that aims to stop large multinational companies from seeking out tax havens and force them to pay more of their income to governments.

Finance leaders from the Group of 7 countries agreed to back a new global minimum tax rate of at least 15 percent that companies would have to pay regardless of where they locate their headquarters. 

The agreement would also impose an additional tax on some of the largest multinational companies, potentially forcing technology giants like Amazon, Facebook and Google as well as other big global businesses to pay taxes to countries based on where their goods or services are sold, regardless of whether they have a physical presence in that nation.  

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WNU Editor: Here is an easy prediction. The US Senate is going to torpedo this deal. 

More News On The G-7 Reaching A Deal On Global Tax Reform   

G-7 back steps to deter tax dodging by multinational firms -- AP  

G7 nations sign historic pact to make tech giants pay fair taxes -- France 24  

Burkina Faso attack: More than 130 killed in village raid -- BBC 

Suspected extremist attack on Burkina Faso village kills 130 people -- The Guardian  

G-7 nations reach historic deal on global tax reform -- CNBC  

G7 agrees 'historic' global minimum corporate tax rate -- DW  

G7 backs Biden's sweeping overhaul of global tax system -- CNN

G7 nations agree to set a 15 per cent global tax rate on multinational companies -- ABC News (Australia) 

G7 finance ministers reach ‘historic agreement’ on Biden’s push for global minimum corporation tax of 15% -- RT  

G7 reaches "historic agreement" on global tax reform -- Axios  

G7 Nations Reach Historic Global Tax Deal To Make Tech Giants Pay Fair Share -- Zero Hedge

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