The G7 Group, one of the most developed countries in the world, is approaching an agreement on the taxation of multinational corporations. The Financial Times (FT) writes that this could lead to the introduction of a global tax for giants later this year. The United States has proposed a global tax of at least 15 percent on global corporate profits. France, Germany and Italy see the plan as a good basis for an international agreement that could be ratified by July.
The G7 is made up of the United States, Canada, Japan, Britain, Germany, France and Italy. The next meeting of G7 finance ministers will be held in London on June 4 and 5. An agreement between the G7 member states is likely to end on Friday, thanks to progress in preparatory talks, FT sources said.
“The world is closer to the global minimum tax than ever before,” U.S. National Security Adviser Jack Sullivan said on May 22. Countries competed to offer the most favorable tax conditions to global companies, saying they were pleased to accept the US proposal and end the global race at the grassroots level.
Today, the U.S. Treasury Department confirmed that Minister Janet Yellen will attend the G7 meeting in early June, the first overseas trip for whom capacity. In the summer, Reuters wrote that multinational corporations and large technology companies will try to conclude a broad agreement on the tax rules of nearly 140 countries.
In mid-May, the Czech Chamber of Deputies released a government plan called the Digital Tax for Final Reading. According to the plan, Internet companies in the Czech Republic will be subject to a five percent tax, which will have a global turnover of 750 million euros (about 19 billion crowns), with a revenue of at least 100 million crowns a year in the Czech Republic. Republic for Taxable Services. According to the US Embassy in the Czech Republic, the tax could hurt US companies. According to the embassy, U.S. officials are considering possible trade reactions. The Czech Ministry of Finance has previously stated that Sekia is ready to repeal the tax nationally if a solution to the digital tax can be found at the Organization for Economic Co-operation and Development (OECD) level.