Britain’s Chancellor of the Exchequer, Rishi Sunak, has been positive about the upcoming agreement on global corporate tax proposed by the United States, but expects adequate taxes from large internet companies in return. Everyone should understand why it is important to impose fair taxes on tech companies. “There is an agreement that needs to be reached, so I urge the United States and all G7 members to meet next week to do exactly that,” Sunak said.
The politician told the Mail on Sunday newspaper on Saturday (local time) before the meeting of the Group of Seven finance ministers on Saturday (local time) that it was the “right deal” for Great Britain, and that companies like Facebook also expected a solution to the issue. 4 and 5 June 5.
The United States has proposed a 15% global corporate tax. Under the umbrella of the Organization of Industrialized Countries (OECD), nearly 140 countries are now pursuing a two-pillar tax reform, a global minimum tax and a new form of taxation on digital services. The latter aims to adapt tax rules to the digital age and improve the position of emerging countries compared to industrialized countries.
Germany and France expect an agreement on the levels of the G7, G20 and the Organization for Economic Cooperation and Development soon. However, the UK is concerned that the plans do not go far enough in terms of taxing US tech giants such as Amazon, Google and Facebook.