The leaders of the G20 countries during the Summit in Rome approved the introduction of a single minimum tax rate at 15 percent for transnational corporations. Reports about it TASS.
Thus, the states “twenty” supported the proposal of organizing economic cooperation and development (OSER). In the final declaration, the decision is called a historical achievement, which will achieve a more stable and fair international taxation system. G20 leaders called on Osier to develop model rules and multilateral tools to introduce new rules around the world already in 2023.
US Finance Minister Janet Yellen said that the introduction of a minimum global tax for corporations will put an end to the destructive “concession racing” for more favorable terms of taxation and stop competing for a lower rate.
France President Emmanuel Macron called the Osire’s initiative approval by a historical event, including for his country, which four years led the struggle for such a decision.
previously became known that the US President Joe Bayden wants to reform the tax system and introduce tax for corporations and billionaires. Funds received from payments will go to financing the economic plan of the president by 3.5 trillion dollars, which includes social and climatic projects.
On October 26, the CEO of Spacex and Tesla Ilon Mask was made with the criticism of the tax reform. The billionaire also counted the plan dangerous. According to the mask, the project poses under the threat of ordinary Americans, for the money they will also come, as soon as taxes from super-rich people will stop grabbing.