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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The IMF calls for a global standardization of minimum taxes

    Rocky
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    • Post n°1

    The IMF calls for a global standardization of minimum taxes Empty The IMF calls for a global standardization of minimum taxes

    Post by Rocky Tue 06 Apr 2021, 2:47 pm

    The IMF calls for a global standardization of minimum taxes

    •  Time: 04/06/2021 18:50:42
       
    •  Read: 1,235 times

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    {Economist: Al Furat News} The International Monetary Fund has called for the imposition of minimum taxes in a 'globally unified' context

    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
    Gita Gopinath, chief economist at the International Monetary Fund, said on Tuesday that the fund had long favored adopting a minimum global tax on corporate profits, describing tax evasion as a disturbing issue for the global economy.  
    It indicated that the current disparities in national corporate tax rates have led to a "large amount" of tax shifting and avoidance, thus reducing the tax base on which governments can collect revenues on the basis of which to finance the required economic and social spending.  
     In the Internet journalism is a great concern.
    "We strongly support the imposition of a global minimum of corporate tax," she said, according to Reuters reporting that the International Monetary Fund has not taken a position on the ideal level for this tax rate, adding that governments will need to strengthen their coffers after the massive spending to contain the Covid-19 pandemic. "To mitigate their economic impact, the hope is that they move forward better to have more inclusive and sustainable green economies."
    She noted that this requires measures on the revenue side and on the spending side, "adding that each country will have to carefully detail special procedures on the tax front, Gopinath. The International Monetary Fund is still studying the Biden administration's proposal to raise the corporate tax rate to 28%, but it is to The previous Trump administration’s decision to reduce this tax rate from 35% to 21% in 2017 had a weaker impact on investment than initially expected.  
    “Yesterday, the US Treasury Secretary, Janet Yellen, said that the United States is working with the group. The twentieth, to approve a global minimum corporate tax, with the aim of achieving prosperity and equal opportunities for all.  
    She indicated that French Finance Minister Bruno Le Maire today said that reaching a global agreement on cross-border taxation is "within reach", welcoming the US Secretary of the Treasury's pledge to work on a global minimum rate for companies.
    Raghad Daham
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