G7 finance ministers today agreed on a global minimum tax rate that would minimize corporate income tax by 15% per country, thus avoiding tax competition.
After the meeting, world leaders reacted in turn, this time the Italian Minister of Economy spoke. According to Daniele Franco, the current agreement could be a reference point for a final decision.
The G20 will negotiate in Italy in July, where a final deal could be reached, but the fact that the seven most advanced economies are in a position will significantly increase the chances of an agreement.
He also said that the new measure covered not only digital giants, as previously initiated by several countries, but all multinationals.
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Source: Portfolio.hu – Gazdaság by www.portfolio.hu.
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