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A final report on the plans would be available by 2020, according to the project.
As you can imagine, the challenge would be to get a consensus from a large group including countries like China, India and South Africa, in addition to the pillars of the G8 like the United States, the United Kingdom and Russia. The United States, in particular, opposed British and French efforts to increase technology taxes, claiming that they unfairly distinguished US companies. Others, on the other hand, have different attitudes towards minimum tax rates. A final agreement is likely to be vague or to set only mild tax requirements.
Nevertheless, a common set of tax guidelines could lead to much larger payments from corporations accustomed to paying relatively little tax. They are likely to oppose the measures as they did in the past, but they might not gain much sympathy. Many countries fear that technology companies will take advantage of their residents without contributing to local economies and will probably not be satisfied until the tax rate is raised.
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