Group of 20 finance ministers agreed on Sunday to compile common rules to close ...
TOKYO - Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday.
The new rules would mean higher tax burdens for large multinational companies but would also make it harder for countries such as Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates. Big internet companies say they follow tax rules, but they pay little tax in Europe, typically by channeling sales via countries such as Ireland and Luxembourg, which have light-touch tax regimes.
If companies are still able to find a way to book profits in low-tax havens, countries could then apply a global minimum tax rate to be agreed under the second pillar.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
G20 agrees to wrap up Big Tech tax rules by 2020The new rules would mean higher tax burdens for large multinational companies but would also make it harder for countries such as Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates.
Baca lebih lajut »
G20 agrees to wrap up digital tax by 2020 - final communiqueGroup of 20 finance ministers agreed on Sunday to compile common rules to close ...
Baca lebih lajut »
Salesforce CEO supports probing big tech, says tech must 'get the values straight''We are at a point in our industry where enough is enough,' Marc Benioff says. We must 'get the values straight with these tech companies.'
Baca lebih lajut »
China reportedly holds backdoor talks with tech companies ahead of G20 meeting with USThe Chinese government reportedly met with the companies to urge non-cooperation with President Donald Trump's ban on American technology sales.
Baca lebih lajut »