G20 meeting backs global agreement to collect 15% tax to prevent tax evasion by multinational companies






The G20 group meeting, which includes finance ministers and central bank governors, supported a minimum global corporate tax of 15%, as well as new rules to be implemented. To prevent tax evasion of multinational companies With the pg goal of concluding a plan that will bring about a historic change to the international taxation system.
Kyodo News Agency reported that The years of negotiating on the matter reflect the desire of many governments to increase revenues. To bring income to rehabilitate the country after being affected by the Covid-19 epidemic Including the burnout with the US technology giant is expected. It avoids taxes by taking advantage of low taxation countries.


A document released after the two-day meeting in Venice, Italy, states that we have ratified key elements of the agreement reached by about 130 countries on the issue. tax


While the details of the deal still need to be finalized, such as the issue of clear minimum tax rates. The countries participating in the negotiations aim to adopt the new rules in 2023.


Taro Aso, Minister of Finance of Japan said in a press release that The universal tax system will become a historic change in a century.


The G20 ministers and central bank governors acknowledged the outlook for the global economy was improving as vaccines and policy support continued. but also warned that The epidemic of mutant viruses and unequal access to vaccines is a "Down Risk"

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