Are higher business taxes on the horizon?

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The finance ministers and central bankers of the world’s biggest economies met to refine their action plans for recovery and world financial governance. What are the likely outcomes?

Finance ministers and central bankers want to set a minimum corporation tax rate for the world, partly to prevent the largest global companies such as the digital giants from booking too much revenue in low-tax jurisdictions. They also want to improve the flow of information on cryptocurrencies and plan better regulation of the digital coins, whilst pressing ahead with central bank versions, which they will wish to favour.

 

View Article – published by Charles Stanley on 12th April 2021