Giorgetti, on taxes to billionaires, the decision of the States – Italy-World

by times news cr

2024-07-26 22:12:25

(ANSA) – RIO DE JANEIRO, JULY 26 – On the tax for the super-rich, “we are in favor, but we need to discuss carefully with respect to a principle that must not be called into question: ownership”. This was stated by Minister Giancarlo Giorgetti in an exclusive interview with ANSA, on the sidelines of the G20 in Rio de Janeiro. “It is clear – he stated – that the decision of how to tax, how much and when is up to the national states, cannot be recalled, neither at the G20, nor at the UN. This is a precise limit that many countries have set, and from which we do not intend to derogate”. “If we pursue the global minimum tax” on the super-rich, he added, “first we should do the one on large multinationals and unfortunately pillar one of the multilateral agreement is dramatically in the pits, blocked by India, China and sensationally also by Australia and therefore the Americans do not give the green light”. “If India, China, and the United States are missing, it seems clear to me that the tax base is missing. Therefore, we have insisted, with ever decreasing hopes, on the implementation of the first pillar on the taxation of large multinationals (ANSA).


2024-07-26 22:12:25

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