Corporate Tax Chiefs Voice Concerns About Global Minimum Tax Proposal

France Nouvelles Nouvelles

Corporate Tax Chiefs Voice Concerns About Global Minimum Tax Proposal
France Dernières Nouvelles,France Actualités
  • 📰 WSJ
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

A proposal for a new global minimum tax is worrying tax chiefs at international companies

By Nina Trentmann Dec. 3, 2019 8:39 pm ET Tax chiefs at international companies are voicing concerns about a proposal that would introduce a global minimum tax and could result in higher tax payments for some companies.

“It is important that consensus is achieved with sufficient detail to foster consistent application and avoid multi-layer taxation,” the company’s vice president for global tax, Kurt Lamp, said in written comments made public by the OECD on Tuesday.The remarks, released ahead of an OECD consultation event Monday, mirror comments multinationals provided in November on a related proposal on corporate taxation for consumer-facing industries.

Determining at what level tax payments are sufficient could result in discussions among OECD member states, according to Manal Corwin, principal-in-charge of KPMG’s national tax practice in Washington. Some countries have used low tax rates as a tool to attract multinational companies, irking jurisdictions with higher tax rates.

In the comment letters released Tuesday, drugmaker GlaxoSmithKline PLC warned of additional complexities that could arise from the proposal.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

WSJ /  🏆 98. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Explainer: Macron's quest for an international tax on digital servicesExplainer: Macron's quest for an international tax on digital servicesThe United States has threatened punitive duties of up to 100% on $2.4 billion i...
Lire la suite »

U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital taxU.S. vows 100% tariffs on French Champagne, cheese, handbags over digital taxThe U.S. government on Monday said it may slap punitive duties of up to 100% on ...
Lire la suite »

U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital taxU.S. vows 100% tariffs on French Champagne, cheese, handbags over digital taxThe U.S. government on Monday said it may slap punitive duties of up to 100% on ...
Lire la suite »

US threatens 100% tariffs on French goods over digital taxUS threatens 100% tariffs on French goods over digital taxA report from the US Trade Representative's office found the tax penalises American tech companies like Google, Apple, Facebook and Amazon.
Lire la suite »

Japan's third-quarter capex jumps as merchants boost investment pre-sales tax hikeJapan's third-quarter capex jumps as merchants boost investment pre-sales tax hikeJapanese firms boosted capital spending in the September quarter, as retailers a...
Lire la suite »

6 things retirees — and advisers — should know about new guidelines for cryptocurrency tax treatment6 things retirees — and advisers — should know about new guidelines for cryptocurrency tax treatmentRisk-tolerant retirees who own bitcoin, take note.
Lire la suite »



Render Time: 2025-03-19 21:33:54