| Topic List | Page List: 1 |
|---|---|
| Topic | G-7 Nations Agree on Rules for Taxing Global Companies; 15% minimum rate |
| SK8T3R215 06/05/21 8:06:20 AM #1: | The Group of Seven leading rich countries agreed to back new rules for taxing businesses that operate internationally in a significant step toward a global agreement that would deliver the minimum rate sought by the Biden administration. The agreement, reached by treasury chiefs during a meeting in London on Saturday, resolves long-running tensions between the U.S. and large European economies that have at times threatened to push the international tax system into chaos and spark a trans-Atlantic trade conflict. Under the deal, G-7 members will back a global minimum tax rate on company profits and a new way of sharing the revenues from taxing the worlds largest and most profitable companies. The G-7, which includes Canada, France, Germany, Italy, Japan, the U.K. and the U.S., agreed that businesses should pay a minimum tax rate of at least 15%. G-7 finance ministers have reached an historic agreement to reform the global tax system, said Rishi Sunak, the U.K.s treasury chief. https://www.wsj.com/articles/g-7-nations-agree-on-new-rules-for-taxing-global-companies-11622893415?mod=mhp --- New York Knicks, New York Jets, New York Yankees. ... Copied to Clipboard! |
| Topic List | Page List: 1 |