hallo
The world’s rich nations have drafted a set of technical principles which would revolutionise the corporate taxation of multinational companies and could raise $100bn in extra tax revenues around the world. The blueprints of the new system are ready to be implemented if political agreement can be reached next year, the OECD said on Monday. The Paris-based organisation has sought consensus between more than 135 nations on the reforms, which it said would enable tax authorities to collect up to 4 per cent more corporate tax. The blueprint’s goal is to ensure that multinationals — including highly profitable US tech giants and European luxury goods companies — pay corporate taxes on profits where they operate and cannot shift them to tax havens. Comments are closed.
|
PurposeMajor markets news headlines which captured the markets. Archives
March 2021
Categories |