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Added on the 05/06/2021 20:46:54 - Copyright : France 24 EN
Finance Ministers meet central bankers at the G20 in Venice with a view to stopping multinational companies from shifting profits into low-tax havens.
From 2023, multinational corporations will have to pay taxes in countries where they operate - not just where they have their headquarters.
Group of Seven (G7) nations reached a landmark deal on Monday to reduce the incentive of multinational companies to shift profits to tax havens.G7 finance ministers agreed on Saturday to back a global corporate tax rate of at least 15% to squeeze more money out of sprawling companies such as Amazon and Google.
Group of Seven (G7) nations reached a landmark deal on Monday to reduce the incentive of multinational companies to shift profits to tax havens.G7 finance ministers agreed on Saturday to back a global corporate tax rate of at least 15% to squeeze more money out of sprawling companies such as Amazon and Google.
US President Joe Biden's proposal for a minimum global corporate tax could cause division among EU member states.
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