The G7 agrees that technology companies pay taxes in countries even if they do not have headquarters

The G7 summit agrees to impose a tax on technology companies such as Google, Netflix, etc., even if they do not have a physical headquarters in the country.

If something is good for technology companies like Amazon, Google, Facebook, etc, is not paying taxes. Technology companies have many workers specialized in tax evasion. This practice, called tax engineering, seeks to pay the least taxes possible through tax havens and hundreds of unethical tricks. Well, this practice comes to an end, because it has been agreed that they must pay a fee, even if they do not have a physical headquarters.

Finance ministers and central governors of the G7 (Canada, the United States, Japan, Italy, France, the United Kingdom and Germany), have agreed on a minimum rate. It seeks to end tax competition between different countries. There are many tax havens that offer to pay very little to large technical companies. This allows multinationals "to find many ways to evade taxes"

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Tax on technology companies

During a meeting on July 17 in Paris, the members of the G7 agreed on this measure. Bruno Le Maire, French Prime Minister, has been the promoter of this measure. All ministers agreed that these measures would begin to be applied in 2020. These measures will now be debated in the G20, to achieve a broader international agreement. This agreement will be supervised by the Organization for Economic Cooperation and Development (OECD).

An imposition that does not remove, for the moment, the GAFA rate in France, also known as the 'Google rate'. This tax establishes that large technology companies must pay a certain amount for the use of certain content. An imposition that has been criticized and attacked by Trump, who threatened tariffs on product imports. Something that has not scared France.

It should be noted that the European Union and Spain were also working on a 'Google rate' that has been discarded. Only France has had arrests applying this tax. And it is that these large companies earn a lot of money at the cost of third-party work and tax evasion.