G7 Passes Key ‘Historic’ Tax Reforms
Vocabulary & Expressions
tax haven: 조세 피난처
level the playing field: 공평한 경쟁의 장을 만들다
Whether it’s people operating in tax havens or it’s digital companies, we’re going to level the playing field and inject that principle of fairness into our global tax system.
come down to: ~로 설명되다, ~로 요약되다
The details are complex but the deal the G7 finance ministers have agreed comes down to two key reforms.
jurisdiction: 관할권, 사법권
…shifting profits to low-tax jurisdictions and new rules to calculate what they owe …
revival of multilateralism:다자주의의 부활
What you’re seeing is a revival of multilateralism, a willingness of leading nations in the G7 …
watershed: 분수령
It represents a real watershed.
League of Nations: 국제연맹 (1920~46, 유엔의 전신)
The last time there was a global deal on business taxation was all the way back a century ago by the League of Nations.
stem the tide: 흐름을 끊다
In theory, this deal could bring in billions for the U.K. In theory, it could stem the tide of tax avoidance.