More than a hundred countries approved the introduction of an international taxation system for large corporations, the site of organizing economic cooperation and development (OECD).
130 States agreed to reform, according to which the minimum tax rate will be 15 percent. The organization notes that large transnational corporations must pay taxes where they are working and retrieved profits.
The OECD added that due to the lack of taxes of the state, the states are losing annually from 100 to 240 billion dollars a year. This historical agreement will provide the payment of large transnational companies a fair share of taxes, the Secretary General of the organization Matias Kormman is confident. So that the system began to act, countries must adopt relevant laws.
Previously, Prime Minister of Hungary Viktor Orban said that plans for the introduction of minimum corporate tax is absurd and lead to a reduction in investments in the EU countries. It was also reported that China is not ready to agree to the tax reform.
Meanwhile, Russian President Vladimir Putin instructed Prime Minister Mikhail Mishustyn to explore opportunities to increase taxes on international corporations. He noted that you need to “figure out to keep in mind and take into account our national interests.”