G20 launches action plan for future pandemics: 75 billion dollars in the field
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July 10, 2021
Third day of work at the G20 of Finance in Venice.
The ministers of finance and governors of the G20, meeting at the finance summit in Venice, would be close to the agreement on the proposed taxation of multinationals, articulated in a minimum rate of 15% and a mechanism for sharing profits between countries .
The reform is based on two principles.
The first (pillar I) involves the redistribution of part of the tax revenues of mega multinationals (with revenues over 20 billion dollars a year) and concerns about a hundred groups.
The second affects a much wider range of companies and establishes a minimum rate of 15% on 90% of turnover.
Today's discussions - Ansa learns - would also have highlighted the attention to the variants of Covid-19 as a potential risk factor with respect to a macroeconomic framework of global recovery. in the afternoon, the results of the discussions will be illustrated with a press conference by the Minister of Economy, Daniele Franco and the governor of the Bank of Italy, Ignazio Visco.
Yesterday the discussions focused on the climate and the fight and prevention of Covid from "pandemics".