At the G20 summit in Rome, the leaders of the participating countries approved the international agreement, according to which the profit of large business will be taxed at least 15%, reports BBC.
In this way, the “twenty” countries want to ensure that transnational companies pay more taxes, and did not leave them, declaring profits in offshore.
The pact of the minimum 15% tax was agreed by all leaders who participated in the G20 summit in Rome. Chapters of two countries – Russia and China, Vladimir Putin and Si Jinping participated in the summit on video call.
GDP of the “Big Twenty” countries is about 80% of global GDP. It is expected that the tax innovation, originally proposed by the United States, will take effect by 2023.