Deputy Prime Minister and Finance Minister Aso agreed on a new international taxation rule to stop the competition for corporate tax reduction at a group negotiation meeting held in the OECD = Organization for Economic Co-operation and Development member countries on the night of the 1st. He acknowledged that it was historical.
A group of 139 countries and regions, mainly OECD member countries, held a meeting on the night of the 1st, and 130 of these countries and regions set a minimum tax rate of 15% or more in order to stop competition for corporate tax reduction. We have generally agreed to introduce new taxation rules for global companies that are expanding their businesses across national borders, such as online distribution of videos.
Regarding this, Deputy Prime Minister and Finance Minister Aso said at a press conference after the Cabinet meeting on the 2nd, "It is a story about changing the principle of international taxation about 100 years ago, and we are about to make a groundbreaking initiative next week. It would be epoch-making and historic if the G20 = the meeting of finance ministers and central bank governors of 20 major countries could be decided and finally signed in October. "
On that basis, Minister Aso expressed his intention to proceed with discussions with countries that did not reach an agreement, and finally aim for an agreement in which all countries and regions participate.