The EU Tax Observatory, a Brussels-based research center, has calculated that with the introduction of the US-proposed global tax on the profits of multinational corporations of 15%, the EU budget will additionally receive at least 50 billion euros per year.
According to the Guardian, in this case, revenues to the UK budget will also significantly increase. According to the British newspaper, annual tax revenues from BP corporation alone will grow to about 200 million euros.
Many experts have come to the conclusion that this tax should be introduced at the level of 25%, which will not be too burdensome for corporations.
In this case, the additional corporate tax revenues in the EU budget will amount to 1.2% of GDP. They will provide significant assistance in overcoming the negative consequences of the coronavirus pandemic.
This issue of corporate taxation at the global level will be discussed at the London meeting of G7 finance ministers from 4 to 5 June.
The US authorities initially intended to propose a global corporate tax of 21%, but then decided to reduce this proposal to at least 15%.
