G7 nations agree a New tech giants Tax of 15% Global minimum
 

https://news.sky.com/story/g7-nation...ister-12325090

https://www.bbc.co.uk/news/business-57367057

https://ichef.bbci.co.uk/news/976/cp...9405_index.jpg


[The world's leading economies are on
the brink of announcing a historic deal
to tax the tech giants, the German finance
minister has told Sky News.
Olaf Scholz said the plan to reform the
taxation of tech companies and introduce a
minimum level for business tax rates
would "change the world",
bringing in billions of pounds in tax revenue
which would otherwise have been
shifted to low tax countries.
The comments came as ministers from the
Group of Seven (G7) industrialised economies
met in London for the first such face-to-face
summit since the onset of COVID-19 over a year ago.]

[The creation of a global minimum corporate tax rate,
designed to encourage countries not
to cut their business tax rate below 15%.]


Ireland does not like this?

Ireland gives international companies a.very favourable rate think it’s 4% so many have their HQs there

Yes maybe they will have to move out to a Non G7 nation
on 15%

Sunak has just announced
a Full agreement on a New Tax
At the G7 meeting

Global Tax Rate to be set up.
15% at least.

https://i.dailymail.co.uk/1s/2021/06...2885844001.jpg
[Mr Sunak also said the agreement was a
'proud moment' for the world's most-powerful
finance ministers (pictured together)]

Meanwhile

https://i.dailymail.co.uk/1s/2021/06...2878370290.jpg
[Activists from climate action group
Ocean Rebellion set a boat on fire during
a demonstration at sunrise at
Marazion Beach, Cornwall,
ahead of the G7 summit in Carbis Bay, Cornwall]

https://www.dailymail.co.uk/news/art...orate-tax.html

So what'll it be - price rises or staff paycuts and layoffs? It's never the fatcats in megacorps who are affected by the governments taking more of their money.

Yes Everything could go up in Price.

At the G20 meeting,it is to be expanded
on a Bigger Global Level.


Ireland has no choice
but to increase to 21%

Or if they are to get nasty a 15% Tax.


Biden will have to force on his many HQ Offices
in the USA.

Ireland isn't a G7 nation though is it, so they are unaffected

Of course
But they will agree to these Global new taxes.


President Biden can force it on Ireland

Biden can't do squat, and he certainly wouldn't piss off the irish vote in america

Time will tell.

The American Yellin was just Live
on SkyNewsHD.
Outside the London G7 meeting.