06.June.2021: Samsung Electronics could be hit by OECD tax plan

K-News Bulletin

English - July 06, 2021 00:00 - 4 minutes - 2.82 MB
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Korea has signed on to the global tax plan designed to rein in the tech companies and get them to pay their fair share. It is also trying to make sure its major companies don’t get caught up in the rush to tax.

“We will respond thoroughly from the point of national interest,” said Finance Minister Hong Nam-ki on Monday.

In total, 130 countries have agreed in principle to the Organization for Economic Cooperation and Development-led agreement that will seek to tax multinational companies at a rate of 15 percent regardless of where they are headquartered and regardless of where they operate.

Full Article: https://koreajoongangdaily.joins.com/2021/07/05/business/economy/global-tax-reform-Google-Korea-Samsung-Electronics/20210705160400375.html