Deputy Treasury Secretary Adevalie de Yemo said raising the US corporate income tax to 28% would not diminish American companies competitiveness. The US government, led by President Joe Biden, is convinced that developed countries will agree to the minimum global tariffs.
Adewali told CNBC news agency that The United States is working closely with allies to set minimum tariffs. It is believed that most developed nations สล็อตเอ็กซ์โอ share the same minimum tax rates as the United States.
The said statement was made. After earlier, Mrs. Janet Yellen, the US Treasury Secretary, said. The United States is working with the G20 countries to reach an agreement to set the minimum tax rates for businesses on a global scale.
Mrs. Yellen's words were spoken. After over the past 30 years, countries around the world have been competing to set the lowest tariffs for businesses in order to attract foreign investment.
In addition, experts warn that US businesses may divest overseas investments. As the government of President Joe Biden has a policy of raising corporate income tax to 28% in order to provide government with income to offset more than $ 2 trillion in infrastructure investments.
Mrs. Yellen said: It is important for governments to have a stable tax system in order to generate sufficient income for them to spend in the public sector. And dealing with crises While people have to bear a reasonable portion of the responsibility to support the government financially.
President Joe Biden said he had no concerns that His proposal to raise corporate income tax to 28% would force the sector to withdraw from the United States.
President Biden said that There is no evidence that The corporate income tax hike will affect the US economy. And causing the business sector to withdraw from the US
Kyodo news agency reported, citing sources that Finance ministers from the G20 countries will hold a video conference. To discuss debt relief for poor countries affected by the COVID-19 epidemic And subject to the global minimum corporate tax rate
The source stated that Finance ministers and central bank governors will make post-meetings announcements to be held outside of this week's annual online meeting of the International Monetary Fund (IMF) and the World Bank.
One on the other agenda At the teleconference there are new international tax rules. Including the minimum tax rates for companies operating around the world. Its aim is to prevent indirect tax evasion by taking advantage of the territory that imposes low taxes.
The discussions on the world tariffs will be part of an international dialogue led by the Organization for Economic Cooperation and Development (OECD) and the G20, with nearly 140 countries involved amid criticism. Global giants like Google and Apple Does not pay taxes fairly
The participating countries aim to reach a successful conclusion by the middle of the year.
The G20 group includes Argentina, Australia, Brazil, United Kingdom, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.