The OECD welcomes the fact that almost 140 countries have agreed to introduce a corporation tax of at least 15 percent after several years of negotiations.
Mathias Cormann i OECD.
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– This is a great victory for effective and balanced multilateralism, says Secretary General Mathias Cormann of the Organization for Economic Co-operation and Development (OECD).
The statement on Friday comes after a day in which both Ireland, Estonia and Hungary have agreed to the agreement. Thus, it includes all EU countries, and a total of 136 of the world’s countries.
This summer, the G7 countries and the G20 countries said yes.
Among those who still do not want to sign are Kenya, Nigeria, Pakistan and Sri Lanka.
$ 150 billion more
The agreement will ensure that multinational companies cannot escape tax by establishing themselves in countries with lower corporate tax than others.
According to the OECD, a minimum tax of 15 percent can increase global tax revenues by $ 150 billion a year, equivalent to NOK 1.3 trillion.
On Friday, Hungary announced that it is joining the agreement, as the last country in the EU.
Biden pushes
US President Joe Biden has been among the proponents of the agreement, and Finance Minister Janet Yellen said on Friday that the agreement is a great victory for economic diplomacy, unique to its generation.
Hungary hesitated for a long time to say yes. The country first wanted assurances that it would not harm the country’s economy.
– A compromise has been reached that allows us to join wholeheartedly. Hungary will be able to collect the global tax by using a targeted solution, said Minister of Finance Mihaly Varga on Friday.
The day before, both Ireland and Estonia announced that they were joining the agreement.
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