Facebook welcomes the increase in the global minimum tax for multinationals

The global minimum tax proposed by the United Kingdom, the United States, France, Germany, Italy, Canada and Japan is 15%

Photo: OLIVIER DOULIERY / Getty Images

United Kingdom, United States, France, Germany, Italy, Canada and Japan, the G7, supported the reform of the global tax system at the end of a two-day meeting in London, England, which includes a global corporate tax rate of at least 15% for multinationals .

Faced with this decision, Facebook reported that it analyzes “the important progress” made by the G7 by agreeing a global minimum tax to multinationals, something that he assured will give more “certainty to companies”, while acknowledging that it will mean that the social network “pays more taxes” in different countries.

According to EFE, Nick Clegg, the company’s head of global affairs, “Facebook has long called for a reform of global tax rules and we welcome the significant progress made at the G7” .

The executive highlighted that the agreement e today is a “significant first step” to “give certainty to companies and strengthen public confidence in the global tax system.”

In addition, it recognized that as a result of an eventual ratification of the pact “Facebook would pay more taxes, in different places.” Governments could thus raise billions of dollars to face their large debts derived from the economic crisis caused by the COVID pandemic – 19.

The pact is not yet in force because missing has to be addressed at the G meeting 20, which brings together developed and emerging countries, which will be held next July in Venice, Italy .

The United States is pushing for multinational companies to pay fair taxes and prevent money that is not paid by conc Tax eptos end up in the so-called tax havens that exist in some countries of the world.

Therefore, according to the positions of the G7, it is necessary that there be participation of other nations to avoid that large companies evange taxes and take the corresponding money to countries where they can house the money if necessary to report it to the Treasury.

Since the intention to increase tax burdens on large companies, firms such as Amazon welcomed the proposal of US legislators that this segment should pay the taxes that correspond to them by law.

So far, other technology companies such as Twitter or Netflix have not expressed themselves in this regard, however there are many multinational companies that do not agree with this measure that emerged from the United States, so if approved in the G – 20 to many firms it will be more complicated to take your money to tax havens.

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