Current Events > G-7 Nations Agree on Rules for Taxing Global Companies; 15% minimum rate

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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. <cite>SK8T3R215 posted [p:954668725] in G-7 Nation... [t:79496535]...</cite> <quote>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 </quote> ... Copied to Clipboard!
DepreceV2 06/05/21 8:08:13 AM #2:	Makes sense to me. --- Reminder: On March 2nd, 2021, Texas removed mask mandates and allowed 100% capacity for businesses. <cite>DepreceV2 posted [p:954668759] in G-7 Nation... [t:79496535]...</cite> <quote>Makes sense to me. </quote> ... Copied to Clipboard!
Letron_James 06/05/21 8:11:37 AM #3:	Means nothing --- Ask me if I would eat da booty. <cite>Letron_James posted [p:954668814] in G-7 Nation... [t:79496535]...</cite> <quote>Means nothing </quote> ... Copied to Clipboard!
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