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Washington assures american companies will:
According to the American secretary to the Treasury. However, an agreement of the G7 exempting American companies from the minimum international tax of 15% is about to be concluded.
The US Secretary of the Treasury assured Thursday. Consequently, June 26, that an agreement was going to be concluded between the G7 countries, allowing American companies to be exempt from certain taxes.
“After months of productive discussions with other countries on the OECD World Tax Agreement. we will announce a common agreement between the G7 countries which defends American interests,” said Scott Bessent in a message on the social network X.
Nearly 140 countries concluded in 2021 an agreement on the taxation of multinationals, negotiated under the auspices of the OECD. This agreement, criticized by Donald Trump, includes two “pillars”, the second setting a minimum global tax rate of 15%.
In exchange. Scott Bessent requests the deletion washington assures american companies will a hostile measurement
Last January, Donald Trump announced to withdraw his country with this international agreement obtained after negotiations.
According to the American Treasury Secretary. “the taxes of the second pillar of the OECD will not apply to American companies”, stressing that managers will work on the implementation of the agreement in the coming months.
Scott Bessent also asked American parliamentarians to withdraw an American “large. beautiful law” currently examined at the congress which would have notably allowed the government to impose taxes on companies whose owners are not American, as well as to investors from countries who would impose taxation deemed to be unfair vis-à-vis American companies.
This clause. seen as a retaliatory measure, had aroused a number of concerns, much judging that it would prevent foreign companies from investing in the United States.
washington assures american companies will — Washington assures american companies will: According to the American secretary to washington assures american companies will the Treasury. an agreement of the G7 exempting American companies from the minimum international tax of 15% is about to be concluded.The US Secretary of the Treasury assured Thursday, June 26, that.
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