G7 finance leaders reach global tax rate agreement


0

New video uploaded: G7 finance leaders reach global tax rate agreement

a copy the same as orgenal

a copy the same as orgenal

G7 finance leaders reach global tax rate agreement

Officials from the Group of Seven nations agreed on Saturday to support a new global tax rate of at least 15 percent, which companies will have to pay regardless of where they are headquartered.

I am happy to report that today, after years of discussion, the G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age, but crucially, to make sure it is fair, so that the right companies pay the right tax in the right places. This is a huge prize for British taxpayers. It’s a very proud moment. And I want to thank my colleagues in the G7 for their collective leadership and their willingness to work together to seize this moment, to reach a historic agreement that finally brings our global tax system into the twenty-first century. As you know, it’s complicated. This is the first step. This is an agreement between the G7 finance ministers. Next month, we will have the G-20 Finance Ministers Summit to make further progress. But I think the crucial thing that people have to leave out is the principle of justice. This is what we have achieved today, to ensure a level playing field for all types of businesses. Whether it’s people operating in tax havens or digital companies, we will level the playing field and inject this principle of fairness into our global tax system.

The last episodes of international

International video coverage from The New York Times.

International video coverage from The New York Times.

.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Joseph

0 Comments

Your email address will not be published. Required fields are marked *