OECD countries took a new decision for international tax regulations. According to this decision, technology companies that move their headquarters to countries with lower taxes will pay an additional 15 percent tax to countries with real headquarters. The tax amount to be collected with this arrangement will be around 150 billion dollars annually.
held in Rome, Italy. at the G20 summitA decision was made that would shake the technology sector. Organization for Economic Cooperation and Development (OECD) to companies that will review international tax rules and relocate their headquarters to other countries to pay lower taxes. 15% additional tax was declared to be brought. This situation seems to be a headache especially for companies that prefer Ireland.
According to the information obtained, the new regulation of OECD, corporate tax according to the needs of the digital age intends to reorganize. In this way, it is aimed to prevent companies from resorting to tax avoidance. Even the editing to the central transport road It imposes an extra tax on companies. That’s why all the giants, from Google to Facebook, seem to reconsider their headquarters structure.
The regulation was created to cover the world’s largest technology companies
OECD’s new corporate tax regulation was recorded as a step towards the world’s largest technologies. Because, according to the regulation in question, in order for a company to be included in the new corporate tax application, an annual minimum 750 million euros You will need to declare income. According to the regulation, these companies in addition to existing taxesthey will have to pay 15 percent of their income to countries where they actually have centers. In this case, Google, which also has its headquarters in Ireland, will pay an extra 15 percent tax to the USA.
150 billion dollars of tax will be collected
In the statements made by the OECD, an estimation was made about what this regulation would cost. According to this estimate, the amount of extra tax to be collected from technology giants, $150 billion annually will take place around. This situation, as you can imagine, will benefit the USA the most. The statements already made are a clear indication of this. US Treasury Secretary Janet YellenExpressing that the agreement in question is “historic” in their statements on the subject, he stated that this will prevent the corporate tax collected by the USA from decreasing a little more every year.
Source :
https://www.theverge.com/2021/11/1/22756934/g20-oecd-15-percent-global-corporate-tax-rate-havens-evasion-tech-giants