G7 nations reach historic deal to tax multinational corporations
Al Jazeera, 06 Jun 2021
The G7 group of advanced economies has reached a landmark deal, making it harder for the world's largest companies to avoid paying taxes.
Members have agreed on a new global minimum tax rate of 15 percent that multinational corporations would have to pay regardless of where they locate their headquarters.
The minimum tax rate would prevent companies from siphoning profits offshore into tax havens.
Al Jazeera’s Neave Barker has more from London, UK.
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#G7 #GlobalMinimumTax #BigTech
Members have agreed on a new global minimum tax rate of 15 percent that multinational corporations would have to pay regardless of where they locate their headquarters.
The minimum tax rate would prevent companies from siphoning profits offshore into tax havens.
Al Jazeera’s Neave Barker has more from London, UK.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#G7 #GlobalMinimumTax #BigTech
