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After the agreement between the seven largest economies in the world (G7), the US proposal for a global tax of 15% for multinationals now goes to the G20 and, later, to the Organization for Economic Co-operation and Development (OECD). The process is still expected to take some time, as the first news indicates 4 years before the measure enters into force. In statements to Expresso, Tânia de Almeida Ferreira, CCA's Partner and Head of the Tax Department, comments on the implementation of this global scale tax.
"A country may refuse the tax and not collect the differential value that is missing to reach the 15%, but it will not be able to prevent the countries where the holding companies are based from collecting these values", explains Tânia de Almeida Ferreira, who also adds "I do not see how Portugal can refuse this fee".
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- Expresso