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Tax call from German industrialist

The German Industry Federation (BDI) has called for the postponement of the global minimum corporate tax regulation, approved by 140 countries, until at least 2025.

Tax call from German industrialist

Emphasizing that the implementation of the global minimum corporate tax as early as 2024 is unrealistic, “BDI considers it necessary to postpone the start of the global minimum corporate tax to 2025. The planned minimum tax rules are quite complex. It will require additional effort in the current crisis. For the successful implementation of the minimum tax, companies need sufficient time for preparation and implementation.

In the statement, it was also stated that Germany was opposed to the idea that the global minimum corporate tax could be implemented without enactment in the European Union, and it was evaluated that "acting alone in the global minimum taxation would harm the competitiveness of German companies".

Adopted in 2021
Organization for Economic Co-operation and Development (OECD) percent of global Gross Domestic Product (GDP) on 8 October 2021, including USA, China, Germany, France, UK, Japan and Turkey. He announced that 140 countries, representing more than 90, had accepted the agreement on international tax reform.

Agreement; It will ensure that global companies, including internet companies such as Google, Amazon, Microsoft and Facebook, are subject to a tax rate of at least 15 percent from 2023.

Global corporate tax regulation, which the OECD has been working on since 2012 and coordinating negotiations among 140 countries, is expected to make it harder for multinational companies to avoid taxes by establishing their headquarters in countries such as Ireland and Hungary, which offer attractive tax rates.

In July 2022, the OECD announced that new rules on global minimum corporate tax would enter into force in 2024.

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