Global tax could pave the way for more international regulations

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The deal closed by G7, a group comprising the seven developed countries with the largest economies in the world, by a global corporate tax on multinationals, it could mean the beginning of a period of greater cooperation between countries around regulations that are currently treated in a heterogeneous way in the world. The assessment is by the associated researcher of applied economics at Ibre, from FGV, Manoel Pires.

According to the economist, cooperation around the tax may be repeated in the future in discussions on topics such as sustainability, international trade and digital security. “This initiative by the G7, particularly by the United States, ends a period of measures of a very individual character among the main countries”, he says.

The researcher assesses that the themes had been suffering setbacks due to the lack of international cooperation. “Much as a result of the exhaustion that the change in the United States’ posture with Trump had caused”, he says.

In the communiqué in which it announced its support, the G7 pledged to work to improve international coordination among global health and financial policy makers.

The group of countries has agreed to support a global tax that will tax companies by at least 15% to reduce the impact of accounting transactions that large global companies carry out today to avoid taxation in the countries in which they operate.