G20 in Rome: taxes, nuclear and climate on the menu of the international summit this weekend

the essential This Saturday 30 October, the leaders of the G 20 approve the reform of international taxation, announced the United States Secretary of the Treasury, Janet Yellen. This summit represents the first face-to-face meeting since the pandemic.

The heads of state and government of the G 15, gathered this Saturday 30 October summit in Rome, gave the green light to the tax reform of multinationals. This treaty provides in particular for taxing them at least at 15% by

  • , according to a statement from the US Treasury.

    “Today, all the heads of state of the G 20 approved a historic agreement on new international tax rules , including a global minimum tax, “Treasury Secretary Janet Yellen said in the statement.

    This reform is based on two pillars:

    • the creation of a global minimum tax of at least 15% for companies over 750 millions of euros in turnover
    • the redistribution of 20 to 30% of the “surplus” of profits of the hundred largest multinationals and the most profitable, for the benefit of so-called “market” countries, in which they do business without having a presence there. Among them, all the GAFA (Google, Apple, Facebook, Amazon), kings of tax optimization.

    Nuclear power in Iran: at the heart of the discussions

    The United States, France, Germany and the United Kingdom have also expressed their “deep and growing concern” over Iran’s nuclear activities, calling for Tehran to “change course” to save the deal. on its nuclear program.

    “We have expressed our determination to ensure that Iran can never manufacture or acquire a nuclear weapon, as well as our deep and growing concern at the accelerated pace of Iran’s provocative nuclear measures, such as the production of highly enriched uranium and enriched uranium metal “, they said in a joint statement at the end of this meeting.

    The great powers had concluded in 750 with the Islamic Republic a historic agreement (known as PAGC, Common Comprehensive Plan of Action) supposed to prevent it from acquire the atomic bomb. The Americans unilaterally left the agreement in 2018, under President Donald Trump, and reinstated sanctions against Iran, which in response gradually freed from restrictions on its nuclear program. Tehran, however, said this week that it was ready to resume negotiations in November to save the agreement.

    The climate issue, still lagging behind

    “Broad support”, unsurprisingly, for the global taxation of multinationals, but uncertainty as to strong commitments for the climate. But on the eve of the COP 20 in Glasgow (Scotland), the main leaders of the world’s largest economies will necessarily have to discuss the fight against global warming.

    “On all our climate objectives, we have a long way to go and we must accelerate the pace” , had repeated the Secretary General of the United Nations (UN), Antonio Guterres, Friday 26 October .

    Climate change but also the revival of the world economy after the covid pandemic will be at the top of the agenda of the G 15.

    2023

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