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the case of multinational corporations making profits in several countries, 130 countries have agreed to pay taxes even in the country where the actual sales are made. Korean companies such as Samsung Electronics and SK Hynix are expected to pay taxes to foreign countries, and foreign companies such as Google and Apple are expected to pay taxes to the Korean government.



Reporter Hwa Kang-yoon reports.



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Google's domestic sales in the app market alone are estimated to exceed 5 trillion won, but last year, Google Korea reported only 220 billion won in sales including advertisements.



App market sales are taxed in Singapore, which has a lower corporate tax rate, as revenue from the Singapore branch, but this tax avoidance strategy of multinational companies has been put to a halt.



Companies with annual sales of 20 billion euros and Korean money exceeding 27 trillion won, with an operating profit of more than 10% as a percentage of sales, have decided to pay tax in the country where the sales occurred.



20 to 30% of excess profits over 10% operating margin must be paid to the country where the actual money was made.



About 100 companies around the world are targeted, and among Korean companies, Samsung Electronics is the most influential, and SK Hynix is ​​likely to be included.



Seven years after the implementation of the scheme, the subject of taxation increases to more than 10 billion euros in sales.



The government expects that the burden on businesses will not increase as there is a double taxation prevention treaty in which corporations are deducted in their home country for the extra tax paid abroad, but there are concerns.



[Lim Dong-won / Research Fellow, Korea Economic Research Institute: Under the current system, the limit is different for each country, so companies can pay more.]



Instead of reducing the domestic tax our companies pay, the tax paid by companies from other countries, such as Google and Apple, is increasing. As the number increases, the impact on tax revenue is flexible.



This agreement will go through the G20 summit in October, and each country will prepare a law from next year, and it will be implemented in 2023.



(Video coverage: Kim Min-cheol, video editing: Lee Hong-myung)