US proposes global minimum tax rate

US proposes global minimum tax rate

The american government wants A global minimum tax rate For international companies of at least 15 percent. US representatives made this suggestion in negotiations within the Organization for Economic Cooperation and Development (OECD), as announced by the Treasury Department.

15 percent “is a lower limit and discussions should be ambitious and raise the tax rate,” it said. America The Treasury, it said, is encouraged given the positive responses and “unprecedented progress towards global minimum tax for companies”.

The global race of the lowest tax rate, to which most countries lose, must be eliminated simultaneously. It said that this would improve the tax system and improve revenue thereby making significant investment possible.

Finance Minister wants to join the 20

US Secretary of the Treasury Janet Yellen In early April spoke in favor of the global minimum tax and wanted to promote it within the framework of the G20 group of countries. Yellen stated that the goal when dealing with corporations is not to undercut each other. Germany and France Showed myself open to it.

Former US Administration of the then President Donald Trump Were attempts Disallowed for global minimum tax rate. He feared that this would worsen the situation of international American corporations.

In the opinion of critics, many international corporations use all legal options to transfer profits around the world as needed and thus pay as little tax as possible. The fact is that many corporations that are primarily active through the Internet are also causing anger. Very few sales in the markets they serve Numbers.

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