A draft of the global corporate tax rate of “at least 15%” was left behind at 15% during the upcoming meeting of the Organization for Economic Co-operation and Development (OECD). A project supported by about 140 countries in the world that would generate tax revenue of about $150,000 million annually.
In search of a fair economy. This Friday, a meeting of one hundred and forty countries will be held in Paris, citing the Organization for Economic Co-operation and Development (OECD), whose task is to complete the reform of the global tax system aimed at imposing greater taxes on multinational companies.
So far, at least 134 of the 140 countries participating in the negotiations support a global corporate tax of “at least 15%”, but Ireland, where many multinationals operate attracted by the low tax rate, has refused to participate because it fears the rate is above 15. %.
The initiative seeks to have the majority of countries in the world set a tax limit for large companies and avoid cases such as Ireland. At the time, the United States suggested 21% above European ideas.
The idea of such a global tax has been promoted by the Organization for Economic Co-operation and Development, the Group of Twenty, and the European Union. This Tuesday, the French Minister of Economy and Finance, Bruno Le Maire, confirmed that it was possible to reach a compromise with a minimum of 15%, but added that the technical aspects still needed to be resolved. Recognizing the problems of “carrying out”, a technical discount system that makes it possible to know the real presence and activity of companies in the region, as well as allowing discrimination with tax havens.
End the transfer of corporate profits to tax havens through the new rules and set a minimum global tax under the OECD BEPS Agreement, ideally 25%.
– Oxfammexico October 5, 2021
“The final agreement on international taxes for the 21st century is within our reach, whether now or ever,” Le Maire said, adding that the project is at a critical stage over the next two weeks. “Either we reach an agreement in the next few days, or it will be very difficult to restore the momentum to reach a final agreement that includes all technical parameters,” he said.
Anthony Blinken, the US Secretary of State, on Tuesday called on the most advanced countries to confront and confront the growing gaps between the rich and the poor. The OECD ministerial meeting is taking place in a complex context due to a combination of rising energy and raw materials prices and international shipping, leading to high levels of inflation.
“At the heart of all these efforts is the recognition that the true wealth of our nations lies not only in our natural resources, the strength of our armed forces, the extent of our geography, but, more than ever, in our people, and in our ability to unleash their potential,” Blinken said.
With EFE, Reuters and AP
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