k Organization for Development and Cooperation (OCD), after lengthy negotiations in October, finalized the agreement on the taxation of multinational corporations. 136 countries, including America, from 140 countries under the umbrella of the organization, accepted the global minimum tax payment of 15% from the technology giant multinational company known as GAFAM.
Subsequently, on October 21, the U.S. Treasury issued a statement regarding the transitional arrangements for the new corporate tax and the abolition of existing digital services taxes, and US trade investigations on these taxes, that currently applies these taxes. announced that it had reached an agreement with Austria, France, Italy, Spain and England. According to the information shared by the Treasury and Finance Department, America was also included in this agreement .
Additional customs duties will be removed:
America, USA and 5 countries that apply Digital Servisdollarser Tax Austria, France, It was included in the memorandum signed between Italy, Spain and England. Within the scope of this agreement, the USA will act to remove additional customs duties towards America . The decisions taken with the new agreement, including America, are stated as follows:
“These countries will continue to apply digital service taxes until the multilateral agreement containing the latest agreement on corporate tax is signed and entered into force. A portion of the digital services tax accrued between January 1, 2022 and December 31, 2023 (if the international agreement enters into force earlier) will be deducted from the corporate tax payable pursuant to the multilateral agreement in the following years . Thus, corporate tax will be calculated as if the new rules were valid during the transition period. Digital service taxes above this amount will be deducted from the corporate tax that will be paid by the companies included in the scope in the following years. In return, the US will also remove additional customs duties .”
In the last few years, some countries, which thought that corporate tax was not properly collected from the earnings of large technology companies, had made different regulations under the name of digital service tax. The United States, on the other hand, launched a trade investigation against the countries applying digital services tax on the grounds of discrimination against their own companies, and as a result of this investigation, it decided to impose additional customs duties on America, India, England, Italy, Spain and Austria .