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Historic YPOIK G7 agreement for the imposition of a global minimum corporate tax of 15%

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Historic YPOIK G7 agreement for the imposition of a global minimum corporate tax of 15%

The finance ministers of the G7, the seven most industrialized countries, today agreed to commit to imposing a minimum corporate tax of 15% per country.

“We are committed to reaching an equal solution in terms of the distribution of tax rights with countries acquiring tax rights of at least 20% of the profit that will exceed a margin of 10% for the largest and most profitable multinational companies,” said in a statement. seen by Reuters.

“We will ensure the necessary coordination between the implementation of the new international tax regulations and the abolition of all digital service taxes,” it said.

Source: politis.com.cy

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