Tag: broad

OECD’s corporate tax reform proposal gaining broad support: Scholz

FILE PHOTO: German Finance Minister Olaf Scholz speaks during a session of the German lower house of parliament Bundestag, in Berlin, Germany, September 29, 2020. REUTERS/Hannibal Hanschke/File Photo

BERLIN (Reuters) – More than 130 countries have agreed on a blueprint to introduce global rules on corporate taxation to be discussed by G20 finance ministers next week, German Finance Minister Olaf Scholz said on Friday.

“With a unanimous agreement on a blueprint for reforming the global corporate tax code we have taken a major step forward,” Scholz said in a statement. “This is a positive signal and I’m sure that by the summer of next year we will be able to reach a final agreement on this reform plan.”

The Organisation for Economic Cooperation and Development (OECD) has been developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries. This could boost national

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OECD’s Corporate Tax Reform Proposal Gaining Broad Support: Scholz | Investing News

BERLIN (Reuters) – More than 130 countries have agreed on a blueprint to introduce global rules on corporate taxation to be discussed by G20 finance ministers next week, German Finance Minister Olaf Scholz said on Friday.

“With a unanimous agreement on a blueprint for reforming the global corporate tax code we have taken a major step forward,” Scholz said in a statement. “This is a positive signal and I’m sure that by the summer of next year we will be able to reach a final agreement on this reform plan.”

The Organisation for Economic Cooperation and Development (OECD) has been developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries. This could boost national tax revenues by a total of $100 billion a year, the OECD estimates.

But a recession sparked by the coronavirus in many industrialised nations have cast doubt on

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OECD’s corporate tax reform proposal gaining broad support – Scholz

FILE PHOTO: German Finance Minister Olaf Scholz attends a joint news conference with Justice Minister Christine Lambrecht in Berlin, Germany, October 7, 2020. REUTERS/Hannibal Hanschke

BERLIN (Reuters) – More than 130 countries have agreed on a blueprint to introduce global rules on corporate taxation to be discussed by G20 finance ministers next week, German Finance Minister Olaf Scholz said on Friday.

“With a unanimous agreement on a blueprint for reforming the global corporate tax code we have taken a major step forward,” Scholz said in a statement. “This is a positive signal and I’m sure that by the summer of next year we will be able to reach a final agreement on this reform plan.”

The Organisation for Economic Cooperation and Development (OECD) has been developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries. This could boost national tax revenues by

Read More