In a global deal to ensure that big companies will pay minimum taxrate 15% and to make it harder for them to avoid taxation 136 countries ended up, announced today the Organization for Economic Cooperation and Development (OECD).
According to the APE BPE, the Secretary General of the OECD Matthias Corman “Today ‘s agreement will make international tax arrangements fairer and work better. This is a great victory for an efficient and balanced multilateralism,” he said.
The US Secretary of the Treasury Janet Glenn “We have turned the endless negotiations into decades of increased prosperity for both the United States and the world,” he said. “Today’s agreement represents a major achievement for economic diplomacy.”
The Paris considers that the global tax agreement heralds a “fiscal revolution”. The global agreement reached on a minimum tax rate of 15% for businesses will ensure that digital giants pay a fair amount of tax to the countries where they earn their income, said French Finance Minister Bruno Lemerre.
“This agreement paves the way for a real fiscal revolution,” Lemerre said on television.
For London, the agreement on tax reforms paves the way for a fairer system. The British Minister of Finance Risi Sunak welcomed the cooperation of the world community after the tax reforms agreed by 136 countries, emphasizing that there is now a “clear path to a fairer tax system”.
“I am proud that the United Kingdom has taken the lead in global efforts to upgrade the global tax system for the modern era – a key priority for our G7 presidency,” Sunak said. “Now we have an open road to a fairer tax system, where the big global players will pay their fair share wherever they operate,” he added.
Von der Layen: “Historic moment”
“This is a historic moment. An important step forward in making our global tax system fairer. “The Commission strongly supports this international effort.” Ursula von der Leyen with its announcement.
At the same time, the Chair of the Committee thanked the Commissioner for Economy, Paolo Gentiloni, for his services and tireless work in this matter.
“I know that reaching this point requires difficult choices for many countries. But we have to look at them long-term benefits of this agreement “, he further states, emphasizing that he is looking forward to his Summit G20, at the end of the month, where the details of this agreement will be finalized.
Switzerland is asking for more time
THE Switzerland, on the other hand, called for more time and legal certainty in the implementation of the new tax measures after the announcement of the OECD on the minimum tax rate for businesses.
“Switzerland calls for the interests of small, robust economies to be taken into account in implementation and for legal certainty to be established for these companies,” the finance ministry said in a statement, adding that it would not be possible to introduce the new rules until 2023, as provided by the OECD.
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