The G7 countries have agreed on a minimum tax rate for multinational corporations and have reached a groundbreaking agreement on corporate tax reform.
Transactions between the United States, Japan, Germany, France, the United Kingdom, Italy and Canada prevent companies from transferring profits to low tax jurisdictions and put more taxes where the largest multinational companies do business. The purpose is to guarantee that you will pay.
However, it remains unclear what the tax increase will be and which companies will be affected.
FT’s economic editor Chris Giles and global tax correspondent Emma Agyemang answer questions about the implications of the deal, the companies that may be affected, and its potential for success.
Please post your question in the comments below. Chris and Emma stop by regularly throughout the day to answer.
Live Q & A: What Does G7 Tax Transactions Mean for Multinationals?
Source link Live Q & A: What Does G7 Tax Transactions Mean for Multinationals?