The OECD announced that 136 countries have reached an agreement to levy a 15% tax on multinational companies

The The Organization for Economic Co-operation and Development (OECD) announced on Friday that an agreement has been reached on a 15% corporate tax worldwide for multinationals from 2023, which has received support from 136 countries.

“The historic agreement Redistribute more than $ 125 billion in profits from some 100 of the world’s largest and most profitable multinationals to countries around the world, who will pay their fair share of taxes“, We read in a press release from the OECD.

In the home stretch of negotiation, the initiative was supported by once reluctant countries like Ireland, Estonia and Hungary. Only four of the 140 jurisdictions concerned did not ultimately join: Kenya, Nigeria, Pakistan and Sri Lanka.

The secretary general of this Parisian organization, Mathias Cormann, celebrated that “all G20 countries”, “all EU countries” and “all OECD countries” have agreed to this tax rate, which will be presented at the end of the month at a G20 summit in Rome.

“He is ambitious agreement ensures that our international tax system is adapted to the reality of today’s digital and globalized economy, ”added Cormann in the note, who described it as “Great victory” and called for “act quickly” to implement it.

The President of the European Commission (EC), Ursula von der Leyen also welcomed the agreement on a new global tax framework for multinationals, which she called “a big step forward” and “a matter of basic equity”.

“I welcome the agreement reached today on global tax reform. It is a historic moment. This is a big step forward in making our global tax system fairer», Declared Von der Leyen in a press release issued by the EC.

German policy claimed that “Asking big companies to pay the right amount of taxes is not just a question of public finances. It is above all – he added – a question of basic equity ”. In this sense, the head of the community executive indicated that, because “we want a society in which there is a set of rules for everyone, all companies must pay their fair share”.

The measure is based on two pillars: a minimum corporate tax of 15% for companies that charge more than $ 867 million and a measure to ensure that the revenues paid by large companies reach the countries where they obtain their benefits and not where they are headquartered.

This last measure will apply to multinationals with global sales of over $ 23,000 million and which profitability is greater than 10%, clarifies the statement.

Arrival in january Joe Biden in the White House was a boost to this global reform, which resulted in a first agreement in July, which countries, with different budgetary strategies, finished sketching out on Friday.

This agreement will be discussed at the summit of the G20 in Rome, on October 30 and 31, where the next steps will be studied so that the agreement can be applied from 2023.

(With information from AFP and EFE)

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