International agreement on the taxation of multinationals by 15%

The Organization for Economic Co – operation and Development (OECD) announced on Friday evening the reaching of an international agreement on the taxation of multinational companies by 15% and the redistribution of part of the profits, starting in 2023.

“The major plan to reform the international tax system completed today by the OECD will ensure that multinational companies will be subject to a minimum tax of 15% from 2023,” the Organization for Economic Co-operation and Development (OECD) said in a statement on Friday night. own site.

“The very important agreement, accepted by 136 countries and jurisdictions representing over 90% of the value of world GDP, also provides for the reallocation of over 125 billion dollars from the profits of the largest and most profitable multinational companies in all countries in the world, so in order to ensure that these companies pay fair tax contributions wherever they carry out activities and generate profits “, states the OECD.

The agreement was reached after two years of intense negotiations to adapt the international tax system to the 21st century, in the context of digitalizing economies. The agreement is signed by 136 countries and jurisdictions out of a total of 140 members of the Organization for Economic Cooperation and Development. Four countries – Kenya, Nigeria, Pakistan and Sri Lanka – have not yet signed a tax deal.

Source: Cotidianul RO by

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