Dw News
@dwnews·6.3M subscribers·48.6K videos
Global tax reform tops G20 meet in Venice | DW News
Posted
July 9, 2021
Views
19,467
Likes
342
Comments
147
Engagement
2.51%
July 9, 2021
19,467
342
147
2.51%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
9:02Now PlayingGlobal tax justice is at 15 %, that's at least according to political leaders.
The OECD countries agreed on this a week ago. And now the G20 finance ministers in Venice want to push ahead with the "global tax reform". The goal is more tax justice. And in addition to the minimum tax, it also includes ensuring that international corporations no longer just pay taxes at their headquarters, but also where they generate their sales.
The global tax reform is mainly about tech companies - which often make money all around, but are able to pay taxes only where the rates are low. What would countries collect in additional taxes if only the 5 largest tech companies - Google’s parent Alphabet, Amazon, Apple, Facebook and Microsoft - were taxed evenly?
The development organization ActionAid has done the calculations:
G20 countries would have collected almost $32 billion more in 2020. The OECD countries just under $28 billion. And in the EU, an additional $8 billion would have ended with the tax collectors.
For more news go to
Follow DW on social media:
Für Videos in deutscher Sprache besuchen Sie
#G20 #Venice #GlobalTaxReform
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
