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Landmark Global Corporate Tax Agreement Response by Reuters


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© Reuters US Secretary of State Anthony Blinken poses for a photo with Matthias Kerman, secretary general of the Organization for Economic Co-operation and Development in Australia, as he attends the OECD ministerial-level council meeting in Paris, France.

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(Reuters) – Responses to the 16-nation agreement announced by the Organization for Economic Co-operation and Development (OECD) on Friday were swift, making it difficult for large companies to set a minimum global tax rate of 15% and impose taxes on them.

UK Finance Minister IS Sunak

“We now have a clear path to a fair tax system, where big global players pay their fair share wherever they do business.”

Nick Clegg, President of Facebook Vice Global Fairs

“Facebook has long called for global tax reform, and we acknowledge that this could mean more taxes and more in different places. The tax system needs to gain public confidence while giving certainty and stability to the business system. We are delighted to see an emerging international sensation. ”

Oxfam Tax Policy Lead Susanna Ruiz

“Today’s tax deal was meant to end the tax haven. Instead, it was written by them … Calling this deal ‘historic’ is a hoax and it doesn’t even make the slightest scrutiny. (NASDAQ 🙂 can get off the hook of big criminals like this. Toothless. “

French Finance Minister Bruno Le Mayor

“This agreement paves the way for a real financial revolution.”

US Treasury Secretary Janet Yellen

“We have turned a decade of turbulent negotiations into a decade of prosperity for both America and the world. Today’s agreement represents a generation of success for economic diplomacy.”

Swiss Finance Ministry statement

“The aim is to create legal guarantees for the companies involved. Switzerland – like other countries – is critical of the OECD’s schedule because it still does not adequately respect national legal processes. It will not be possible for Switzerland to introduce new rules.” . ”

European Commission President Ursula von der Leyen

“I look forward to the G20 summit at the end of the month, where we will finalize the details of this agreement. Then, we have to implement it … in parallel, we will continue to avoid tax evasion and evasion because we need to make sure everyone pays their taxes fairly.” We owe it to our citizens. “

Irish Finance Minister Pashal Donoho

“This landmark agreement will address the global tax challenge of digitalisation and the assurance and stability that big business and government will provide … I am confident that Ireland will provide an attractive home for multinational enterprises in the future.”

OECD Secretary-General Matthias Kerman

“Today’s agreement will streamline and better our international tax system … It is a great victory for effective and balanced multilateralism.”

(Compiled by Mark John)

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