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Added on the 17/07/2019 18:56:22 - Copyright : Euronews EN
Venice, Jul 9 (EFE) .- (Camera: Álvaro Padilla) The French Minister of Economy, Bruno Le Maire, said on Friday in Venice that he will ask the finance ministers and governors of the G20 central banks to agree on a global minimum tax for companies bigger than 15%.FOOTAGE OF THE ARRIVAL AT THE G20 MEETING OF THE FRENCH MINISTER OF FINANCE, BRUNO LE MAIRE.SOUNDBITESTRANSLATION "France accepted that the minimum corporate tax was at least 15% in the final G7 declaration. We want this minimum corporate tax rate to be higher than 15%, that will be the position that I will defend here today."
Britain's finance minister Rishi Sunak hails a "historic agreement" by G7 finance ministers meeting in London to commit to a global minimum corporate tax of at least 15 percent. SOUNDBITE
"We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," says US Treasury Secretary Janet Yellen in remarks to the Chicago Council of Global Affairs think tank. SOUNDBITE
Ministers from G7 top economies on Thursday reached consensus on steps towards an accord on taxing digital giants, an issue that has divided the United States and its allies Britain and France. French Finance Minister Bruno Le Maire, who hosted the two-day meeting in Chantilly outside Paris, hailed the consensus as 'a major step forward'. SOUNDBITE
These are the Bermuda offices of Appleby law firm, a company specializing in legal finance which was implicated in helping corporate giants like Apple avoid paying taxes overseas following the leak of the so-called 'Paradise Papers.' The 'Paradise Papers' reveal that Appelby helped tech giant Apple avoid paying billions in taxes by setting up a legal entity on the Channel Island of Jersey in a secret arrangement to find ways to avoid paying corporate tax.
"There's still a lot of work to be done. But we continue to believe that an agreement is possible and indeed essential, and we will continue to work relentlessly to achieve it," US Secretary of State Antony Blinken tells reporters in Doha after being informed of the reply by Qatar. SOUNDBITE
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