At yesterday's group meeting, which focused on reforming multinational corporation tax rules, France proposed that countries be able to tax a quarter of the profits of large multinational corporations regardless Regardless of where they are harvested.
Key details still need to be worked out, after G-20 finance chiefs formally endorsed outline plans that would set new rules for where to go It imposes taxes on multinational corporations, and sets the minimum global corporate tax rate of 15%.
Rules, to be finalized at the Rome summit in October, are set to allow 20-30% of excess profits to be taxed by multinational companies, which will be taxed. Determined as profits greater than 10% of revenue.
The companies to which the new rules will apply will be multinationals with global sales exceeding 20 billion euros, although sales may drop to 10 billion euros after seven years. Years after revision.