Even the big Big Tech multinationals will now have to deal with taxes. In fact, agreement was reached between the G7 finance ministers on the minimum taxation at global level for the profits of large multinationals. The first to announce the agreement, considered “historic”, was the British Rishi Sunak: “In London today, my financial counterparts and I have reached a historic agreement on global tax reform that requires multinational tech giants to pay their fair share of UK taxes.”
Our Minister of Economy also echoed him, Daniele Franco, who during a press conference at the end of the meeting, exulted: “Today’s agreement unlocks a debate that lasted eight to nine years. This new form of taxation will be operational in a few years, there is no technical time to do it sooner. When (the law) becomes operational, countries that already have a digital tax will eliminate it and adopt the new one. ” The agreement has come to be established a minimum global rate “of at least 15 per cent“.
A triumph also for Matteo Salvini. The leader of the League weeks ago had responded in kind to the proposals of Enrico Letta: “It is absurd that Letta and the Democratic Party continue to think about new taxes. Just to help young people, the League’s proposal is to tax foreign multinationals that do business in Italy and do not pay taxes”. And again: “I think without giving names and surnames to Amazon, 350 billion in turnover, 44 billion in revenues in Europe and a few pennies of taxes paid in Italy. So instead of punishing parents and grandparents with the inheritance tax to help their children, we make competitors pay the right taxes for closing the Italian shops. ” And here the former minister was satisfied.