Supported by London A new plan “Big Seven” (G7) on the taxation of international companies will allow the American IT Giants Google, Amazon and Facebook to pay less taxes in Britain than now. This is evidenced by the calculations of the TaxWatch activists group, which leads the Guardian.
The study showed that as a result of innovations, the British treasury could lose about 230 million pounds (about $ 325 million) per year, which comes from four major American IT companies. Now Facebook, Google, Ebay and Amazon pay to the UK budget about 330 million pounds (about 466 million dollars) in the form of a tax on digital services. This tax was introduced last year as a temporary measure, until agreements succeed at the global level.
When implementing a “big seven” plan, tax deductions of these companies in Britain will decrease to about 100 million pounds (141 million dollars). The TaxWatch study is based on the reporting of companies in 2019 – the most recent available data, as well as on published official information on G7 agreements. “It seems that this is a good deal for the United States, they will be able to collect more taxes from their international companies and protect themselves from their care to offshore, deriving arrangements for the global level. The fact that Facebook and Google will eventually pay less taxes in Britain for this The deal, controversial, I think, do not leave this. All this was not treated, “said the director of Taxwatch George Turner.
At the same time, the sources report that the United Kingdom and the European Union countries continue to discuss the possibility of collecting a greater amount of taxes from American digital companies on the eve of the following important Event reforms – Big Twenty Summit.
agreements on changes in the taxation of large corporations of G7 countries reached June 5 at a meeting in London. The agreement assumes that companies will pay taxes in the markets where sales are doing. The minimum level of large-scale income tax is also set – 15 percent. Experts have already indicated that there are omissions in the G7 transaction, which, for example, can afford from new payments of American Amazon