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TOPIC: Tax - Multinationals
#209285
Gael Vella

Tax - Multinationals 4 Years, 2 Months ago  
The shifting of profits into low taxation jurisdictions (like Ireland) is soon to end - if current G7 proposals are adopted.

Amazon, Google, Facebook etc. - will pay tax on sales instead of profit - with a recommended global tax rate of 15%.

Biden inspired legislation and not before time, for the loopholes to be filled - creating a level playing field for all international traders.
 
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#209289
Gael Vella

Re:Tax - Multinationals 4 Years, 2 Months ago  
Measures passed today by G7. Tech giants will now be forced to pay tax in the countries where they do business. Thus eradicating tax avoidance, and helping to reduce increased National Debts - caused by coranovirus factors.
 
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