Tag: Tax Deal

G20 Finance Chiefs Back Tax Deal, Pledge to Sustain Recovery, Watch Inflation

October 14, 2021
banksBusiness & EconomyEconomiesG20inflationInternationalTax DealWorld
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WASHINGTON—Finance leaders from the G20 major economies on Wednesday endorsed a global deal to revamp corporate taxation and pledged to sustain fiscal support for their economies while keeping a close eye on inflation. The G20 finance ministers and central bank governors also said in a communique issued after a meeting in Washington that the International…

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Talks to Remove Digital Taxes Should End Tariff Risks: US Treasury Officials

October 12, 2021
Business & EconomyEconomieseconomyInternationalOECDTax DealUSUS NewsWorld
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WASHINGTON—Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several countries over the levies, U.S. Treasury officials said. In the OECD tax agreement, 136 countries last Friday agreed to adopt a 15 percent minimum corporate tax…

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G-7 Finance Ministers Make Some Progress on Tax Deal, UK Says

October 1, 2021
Business & EconomyEconomiesEuropeFinance MinistersG7InternationalMarketsTax DealUKWorld
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LONDON—Finance ministers from the Group of Seven (G-7) said they made some progress on Wednesday at reaching a joint position on a global corporate tax deal, days before it needs to win over a wider international audience. “A common understanding was reached on some of the important open issues to support reaching final political agreement…

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