130 countries have agreed on a global minimum tax for international companies. This was announced by the Organization for Economic Cooperation and Development (OECD). The signatories together accounted for more than 90 percent of global economic output, the OECD continued. Only nine member states did not want to implement the regulation. Companies should therefore pay at least 15 percent income tax. The OECD estimates that this will allow states to earn a total of $ 150 billion more.
France, Germany, Austria, Switzerland and the USA are among them. They want to ensure that companies like Amazon or Google in particular pay taxes where they do business and make a profit. France’s finance minister said the deal was the most important tax pact in a century. The next stage is political support from the G20 finance ministers, who will meet in Venice next week.
Launch not before 2023
The German Finance Minister Olaf Scholz said the tax race to the bottom was over.
The details are to be worked out by the next G20 summit in Rome in October. The OECD does not expect the tax to be introduced before 2023.
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