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Added on the 09/10/2021 12:29:55 - Copyright : Euronews EN
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."
"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
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.
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. 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
Britain's finance minister Rishi Sunak hails a "historic agreement" by G7 finance ministers meeting in London to commit to a global minimum corporate tax of at least 15 percent. SOUNDBITE
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