G7 leaders strike a deal to tax Google, Amazon, and other tech giants.

in image the representators of G7 countries

The United States, Britain, and other massive, rich countries arrived at a milestone bargain on Saturday to extract more cash from worldwide organizations like Amazon and Google and decrease their motivator to move benefits to low-burden seaward shelters. 

Many billions of dollars could stream into the coffers of governments left desperate by the Covid infection (Covid-19) pandemic after the G7 progressed economies consented to back a base worldwide corporate expense pace of at any rate 15%. 

The choice was taken at the gathering of G7 finance ministers in London. 

British Treasury chief Rishi Sunak posted a Twitter thread where he explained what the deal means. "Under the principles of the landmark reforms, the largest global firms with profit margins of at least 10% will be in scope – with 20% of any profit above the 10% margin reallocated and then subjected to tax in the countries where they make sales," he said in one of the tweets.

He also said that the move would make a more level-battleground for UK firms and get severe about charge evasion.

Source: Hindustan Times 

 

More

SPORTS

England VS West Indies Highlights T20 World Cup: England beats West Indies by 6 wickets

England beat West Indies, by 6 wickets in the Dubai international stadium on Saturday. A glorious victory came to England after the beginning of the t...

Suresh Raina names the 3 selective teams that will result in a “Big” threat for India in t20 worldcup 2021.

Suresh Raina has picked up the names of the three giants who could lead to serious trouble for the Indians during the T20 tournament. Raina has taken...

States & UTs

Around 700 people have been detected ahead of Amit Shah’s visit.

Srinagar: due to the result of the Post-Civilian killings and in the days running up regarding the visit of Union Minister Amit Shah in Srinagar durin...

Samir Wankhede to take legal action against Nawab Malik, on extortion allegations

Mumbai: NCB officer was asked whether he would take any legal action against the NCP leader Nawab Malik. And the allegations that were made by him, th...

POLITICS

Why did the farmers' union decide to suspend Yogendra Yadav for a month?

The activist, who's a member of the Samyukt Kisan Morcha, has been requested now not to take par...

Yogi Adityanath: Umar Khalid’s father hatching conspiracy with Akhilesh

Uttar Pradesh Chief Minister Yogi Adityanath on Thursday, 21 October, commented on a latest assembly...

ENTERTAINMENT

Mumbai: Cinema halls, auditoriums, amusement parks to reopen today

After reopening the faculties and colleges, the Maharashtra authorities are prepared to permit the c...

The court rejects the plea of Kangana Ranaut to shift the case to another judge, “Judge threatens arrest warrant.”

Mumbai: The Additional Chief Metropolitan magistrate ST Dande on Thursday rejected the request and t...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.