You are currently viewing The Government welcomes the new global corporate tax but would collect less than with its ‘Google rate’

The keys now are to know the ‘fine print’ yet to be specified and the acceptance by large developing economies that are not represented in the G-7 and other low-taxed ones like Ireland.

A worker cleans the carpet at the headquarters where the G-7 finance ministers meeting was held, in London.EXPANSIN

The finance ministers of the G-7, the group that includes the seven developed economic powers of the world, reached an agreement this weekend to carry out a coordinated reform of taxation at the global level. Countries such as the United States, the United Kingdom, Germany, Italy, France … – and others like Spain that did not participate in the summit but support the measure – declared themselves proud of what they consider “a historic advance”. Even companies like Google o Facebook, against which I know

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