G20 Countries Support Minimum Corporate Tax

G20 Countries Support

G20 Countries Support Minimum Corporate Tax

G20 Countries Support Minimum Corporate Tax

Xeberinvar.com - reports that - The G20 countries supported the introduction of a minimum corporate tax. This is reported by Bloomberg with reference to US Treasury Secretary Janet Yellen.

The head of the department noted that there is still much to be done, but the United States and European countries are on the way to a tax regime that will be fair for all citizens.

According to the American publication, the latest controversy over the minimum tax rate, thanks to which corporations will not be able to cut costs by registering their activities in low-tax countries, could be resolved by October.

Earlier it was reported that the G7 countries approved the size of the tax on profits of large corporations: it should be at least 15 percent. The head of the UK Treasury , Rishi Sunak, called the decision historical and appropriate to the "age of digitalization". According to him, the income tax will create a more level playing field for British companies and will discourage attempts to evade taxes.

source : Google News  Lenta.ru