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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (172653)

6/1/2021 5:00:30 AM

From: TobagoJack

Respond to of 217615

Re <<Normally, if there is an organism destructive to human beings, co operation across all nations will be seen. -g->>

I suggest your words might go well with chips and dips :0)))

There is a bug going around destroying stuff, called deficit, but ...

bloomberg.com

Global Minimum Tax Breakthrough Unlikely at G-7 Meet This Week, Japan Says

William Horobin
1 June 2021, 16:37 GMT+8
A Group of Seven meeting this week is unlikely to settle on a rate for a global minimum corporate tax, Japan’s Finance Minister Taro Aso said, sounding a note of caution before he and his counterparts gather in London.

Expectations of a preliminary deal between the world’s richest economies have risen after the U.S. made proposals on both a minimum rate and rules to reallocate tax revenues of the biggest multinational firms. France’s Finance Minister Bruno Le Maire said last week that the June 4-5 meeting must give momentum to clinching a global accord in mid-July.

Speaking to reporters on Tuesday, Aso said any agreement is unlikely to progress enough to allow for debate over figures for a rate for a minimum tax.

“I don’t think we’ll get down to numbers,” Aso said. “On where we might end up, it’s within the realm of forecasts, and we can’t count chickens before the eggs have hatched. We’re trying to bring up the minimum tax rate by a certain level, but by how much we’ll actually manage to agree on is still within the realm of projection.”

That measured view from Japan comes a day after Organization for Economic Cooperation and Development, which is running the tax negotiations between around 140 countries, said a final deal probably won’t be sealed until October.

“I think we have a deal in sight and hopefully it will happen this year,” the outgoing OECD Secretary General Angel Gurria said on Monday.

In addition to a minimum corporate tax, the talks are aiming to change rules so the world’s biggest firms pay more in places where they operate. Negotiators are still working on criteria to determine which companies would fall in the scope of such a system, with Europeans insisting that all digital giants must be included if there is to be a deal.