An “important” decision commends the Organization for Economic Co-operation and Development (OECD). One hundred and thirty-six countries have agreed to impose a minimum tax of 15% on multinational companies, the organization announced Friday, following demonstrations in Ireland, Estonia and Hungary.
“The major reform of the international tax system completed today in the Organization for Economic Co-operation and Development will ensure that from 2023 a minimum tax rate of 15% will be applied to multinational corporations.”This was announced by the Organization for Economic Cooperation and Development in a statement. These 136 countries, which include European Union countries, China, India and the United States, account for 90% of global GDP. Thanks to this minimal tax, they can generate around 150 billion euros in additional income. Many countries, includingBut Kenya, Nigeria, Pakistan and Sri Lanka have not joined this agreement.
The outline of the text was found in July. It is now a question of setting technical standards, but the subject of bitter negotiations between countries with widely differing national tax strategies.
A major shutdown was already underway on Thursday with crowds from Ireland and Estonia, two countries who were reluctant to put their initials on text. Irish called “yes”Big step forward By European Commissioner for the Economy Paolo Gentiloni, Thursday on Twitter.
Hungary, the last EU country to have yet to make a decision, announced on Friday that it would also join the deal, having managed to force concessions. Budapest, which has a corporate tax rate of 9%, is one of the states focusing on tax attractiveness.
Welcomed by French Economy Minister Bruno Le Maire A great and decisive achievement During the French presidency of the European Union, in the first half of 2022, she confirmed her desire to translate this international agreement into legal action.
