‘A really tough sell’: Multinationals shrug off G7 tax assault

a really tough sell multinationals shrug off g7 tax assault

Sumary of ‘A really tough sell’: Multinationals shrug off G7 tax assault:

  • Even if the plan goes ahead, the extra tax raised — estimated at about 4 per cent of current global corporate tax receipts — would be little more than a rounding error in most of the companies’ accounts..
  • Article content The second part of the plan — a tax based on where customers are located — is also unlikely to hurt the biggest digital companies as it would largely replace the digital services taxes already imposed on them in countries such as the U.K..
  • According to some experts, a tax rate floor might make some countries more confident they can raise their own rates higher than the minimum without risking an erosion of their national tax base….

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