USA announces sanctions targeting the Russian economy

Corporate tax proposal in the US | NTV

In the statement made by the Ministry, it was reported that Tax Policy Office officials attended the meetings with the steering group, which is a part of the Organization for Economic Cooperation and Development (OECD), on base erosion and profit transfer.

As part of these meetings global minimum corporate tax In the statement, which pointed out that the negotiations about the rate have started, it was stated that an environment should be created in which countries work together to protect their tax base and to ensure that the global tax system is equitable and equipped to meet the needs of the 21st century global economy. The statement included the assessment that “multilateral work is mandatory to end corporate tax competition and base erosion pressures”.

Reminding that there is a race to the bottom in tax rates, it was stated that the global minimum corporate tax rate will develop based on a more equal playing field in the taxation of multinational companies, while providing justice for the middle class and employees, it will encourage innovation, growth and prosperity.

In the statement, which stated that the US Treasury Department proposed to the steering group that the global minimum tax rate should be at least 15 percent, it was emphasized that this rate is a base and should be increased.

Leave a Reply

Your email address will not be published. Required fields are marked *