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Added on the 21/05/2021 14:17:00 - Copyright : France 24 EN
"We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," says US Treasury Secretary Janet Yellen in remarks to the Chicago Council of Global Affairs think tank. SOUNDBITE
Venice, Jul 9 (EFE) .- (Camera: Álvaro Padilla) The French Minister of Economy, Bruno Le Maire, said on Friday in Venice that he will ask the finance ministers and governors of the G20 central banks to agree on a global minimum tax for companies bigger than 15%.FOOTAGE OF THE ARRIVAL AT THE G20 MEETING OF THE FRENCH MINISTER OF FINANCE, BRUNO LE MAIRE.SOUNDBITESTRANSLATION "France accepted that the minimum corporate tax was at least 15% in the final G7 declaration. We want this minimum corporate tax rate to be higher than 15%, that will be the position that I will defend here today."
These are the Bermuda offices of Appleby law firm, a company specializing in legal finance which was implicated in helping corporate giants like Apple avoid paying taxes overseas following the leak of the so-called 'Paradise Papers.' The 'Paradise Papers' reveal that Appelby helped tech giant Apple avoid paying billions in taxes by setting up a legal entity on the Channel Island of Jersey in a secret arrangement to find ways to avoid paying corporate tax.
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
Ireland abandons its resistance to a higher tax rate for global multinationals and agrees to sign up to an international agreement to impose a 15 percent levy on the world's biggest companies. SOUNDBITE
The chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE