The G20 wants to finalize the agreement on taxation by October


The G20 finance ministers will demand that the final details of a reform of international corporate taxation be settled by October and they urge countries reluctant to face this plan to tax multinationals to join the initiative, can we read in the latest version of the press release that will be published at the end of their meeting in Venice.

Two sources said the draft statement would be released without change.

According to this latest version, the G20 ministers approve the agreement recently concluded between 131 countries under the aegis of the OECD on, on the one hand, the establishment of a floor rate of at least 15% for corporate tax and, on the other hand, on national taxation of profits made by multinationals.

“We call on (the countries engaged in these discussions) to quickly resolve the outstanding issues and finalize the modalities within the agreed framework alongside a detailed plan for the implementation of the two pillars by our next meeting in October,” is it written in this statement.

“We invite all members (participating in the discussions) who have not yet joined the international agreement to do so.”


Source: Challenges en temps réel : accueil by www.challenges.fr.

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