German Finance Minister
Olaf Scholz
said today that the G20
has reached an agreement
to support the taxation mechanism for multinationals agreed on July 1 by 130 countries and jurisdictions of the 139 that are part of the so-called inclusive framework of the OECD. .
"The G20 countries have agreed here that they want to tackle a new international tax order," Scholz said in statements to accredited media in Venice (northern Italy).
The finance ministers and governors of the G20 central banks have met for two days in Venice and have reached a political agreement to support this system, which will try to prevent multinationals from evading taxes or diverting their profits to tax havens.
This system is based on
two pillars
, the way of assigning a percentage of the profits of companies, particularly digital ones, to certain jurisdictions so that they pay taxes where they operate even though they do not have a physical presence;
and in the application of a minimum corporate tax rate of
at least 15%
to companies with a turnover of less than 750 million euros.
Scholz called the agreement in the framework of the G20 a "great historical moment" and said that when the consensus was reached
"it broke into applause"
in the room, because "everyone understood that something big was happening", according to the Efe agency.
Asked if it will be possible for other reluctant countries of the European Union (EU), such
as Ireland, Hungary or Estonia,
which have attracted private investment for years due to their low tax rates,
to join the agreement
, he trusted that they will support it.
"I am absolutely sure that there will be an agreement in October," said the German minister, convinced of the dragging power of the G20, which represents "90% of global GDP (gross domestic product)."
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