3:38 PM, June 1, 2021
a The global minimum tax for large companies From 15 percent According to a study, the European Union additionally 50 billion euros Flush in tillage. At a rate of 25 per cent it will be up to 170 billion euros. According to calculations published on Tuesday by the European Tax Monitor, an independent analysis firm.
We have been seeking for a long time under the umbrella of the Organization of Industrialized Countries (OECD) Nearly 140 countries want a two-pillar tax reform, a global minimum tax And a new form of taxation of digital services. The latter aims to adapt tax rules to the digital age and improve the position of emerging countries compared to industrialized countries.
He suggested 15 percent
As for minimum taxes, the United States recently proposed 15 percent after government And US President Joe Biden had initially risen by 21 percent. Germany and France see this level as realistic and expect it The agreement later this year. A political agreement is due to be reached in July at the latest – possibly for the G20 meeting in Venice.
Up to $ 100 billion
According to a previous OECD estimate, a planned global tax reform could add up to an additional $ 100 billion annually to Cleaning up the coffers of countries where there are currently huge gaps in many cases due to the Coronavirus pandemic yawn. This would be up to four percent of current corporate tax income. The lion’s share will go to the minimum tax.
Many global companies, especially internet giants like Amazon, are accused of subtly transferring profits Relatively little or no taxes to be paid. Calls for a more equitable contribution have become higher and higher in recent years. Should tax reform plans fail, experts assume there will be a patchwork of digital taxes – and possibly new trade disputes.
The need for tax reform
Japanese Finance Minister Taro Aso said that the G7 countries have recently reduced their differences over the planned tax reform. On Fridays and Saturdays at the G7 meeting in London, there will likely be no discussion of a specific amount for the minimum tax. According to the draft G7 Final Communiqué, the need for tax reform should be emphasized. There has to be an “ambitious” deal. However, details remain open.