Corporate Tax

G20 is working by means of July for a world corporate tax treaty

MILAN (AP) – Italy’s finance minister says the group of 20 ministers hope to reach an agreement on international taxation at their meeting in Venice in July. While the question of international taxation has been debated for several years, Daniele Franco said on Wednesday that there has been an “acceleration of the process” this year. US Treasury Secretary Janet Yellen last week urged the introduction of a global minimum income tax working under the G-20. The discussions focus on two pillars of global international taxation: the equitable distribution of profits among different countries where multinational companies operate and the global minimum effective tax rate, Franco said.

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