The U.S. treasury department said during international talks Thursday that 15 per cent should be the floor for a global minimum tax rate for the world’s largest multinationals. (The Logic)
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The U.S. treasury department said during international talks Thursday that 15 per cent should be the floor for a global minimum tax rate for the world’s largest multinationals. (The Logic)
Talking point: Countries around the world are negotiating international taxation at the OECD talks. The U.S. has an ambitious plan to overhaul the global tax system, with a proposal to tax the sales of the world’s largest companies based on sales in each country, irrespective of where their headquarters are. The proposal would have a major impact on the world’s largest tech companies, which often have complicated offshore structures that minimize taxation. Germany, France and Italy welcomed the proposal. A spokesperson for Finance Minister Chrystia Freeland did not respond to a request for comment by deadline.
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