This measure will be applied to multinationals whose global turnover exceeds 20,000 million euros and whose profitability is greater than 10%.
The leaders of the G20 confirmed this Saturday without surprises the historic agreement on an international reform that seeks to end tax havens by introducing a 15% global tax on the profits of multinationals.
The G20 approved "a historic agreement on new international tax rules, including a global minimum tax that could end the damaging race to the bottom in corporate tax," US Treasury Secretary Janet Yellen said in a statement.
The measure is structured in two pillars. One of them is the minimum tax rate of "15%" for companies with more than 750 million euros per year (867 million dollars) in turnover.
The other pillar seeks to ensure that the income paid by large companies reaches the countries where they obtain their income and not where they have their headquarters, thus limiting the controversial tax optimization practices.
This measure will be applied to multinationals whose global turnover exceeds 20,000 million euros (about 23,000 million dollars) and whose profitability is greater than 10%.
