upset with his position on abortion.īiden’s is attending the English-speaking church that is the main place of worship for the American Catholic community in Rome and is just down the block from the U.S. Patrick’s Church in Rome for Saturday Vigil Mass, a day after telling reporters that Pope Francis told him he should continue to receive Communion, despite the opposition of some conservatives in the U.S. ROME- President Joe Biden and first lady Jill Biden arrived at St. The summit concludes on Sunday afternoon. Yellen predicted in a statement that the deal on new international tax rules, with a minimum global tax, “will end the damaging race to the bottom on corporate taxation.” Yellen as benefiting American businesses and workers.įinance ministers of Group of 20 countries a few months earlier had agreed on a 15% minimum tax and its formal endorsement at the summit Saturday in Rome of the world’s economic powerhouses was widely expected. ROME - Group of 20 leaders have unanimously endorsed a global minimum tax on corporations in a move being hailed by U.S. “A 15% corporate tax rate is 15% more than what we have,” he said. The global minimum “completely eliminates the incentive for businesses around the world to restructure their affairs to avoid tax,” Cormann said.Ĭormann disagreed with criticism from tax justice advocates and some developing countries that the rate should have been higher, saying the deal was the consensus result of “give and take all the way around” that included developing countries. If their companies’ foreign earnings go untaxed or lightly taxed in low-rate countries, the home countries would collect a top-up tax to the minimum. The deal calls for countries where multinationals are headquartered to enact a global corporate minimum tax of 15%. The Paris-based OECD oversaw talks that led to an agreement among 136 countries that is being presented to the G-20 for approval in the closing statement expected Sunday, to be followed by enactment at the national level from 2023. Mathias Cormann, the secretary-general of the Organization for Economic Cooperation and Development, said that the deal “will make our international tax arrangements fairer and work better in a digitalized and globalized economy.” ROME - The landmark international tax deal that won support Saturday at the Group of 20 summit will make international business taxation more equitable and help governments fund their recoveries from the pandemic, the head of the international organization that oversaw the negotiations said. Africa and its 1.3 billion people remain the least-vaccinated region of the world against COVID-19, with just over 5% fully vaccinated.
0 kommentar(er)
