The unified global tax and its impact on major companies and Kuwaiti legislation- according to what was approved by the G20

Abstract

The subject of taxes is of great importance as a means of supporting the economies of countries and covering public expenditures, and it also has a special sensitivity towards legal variables in terms of forcing countries to apply the unified tax, Objectives: This research aims to answer a number of questions about the nature of these taxes and their resulting effects, with a statement of the current legal texts, and clarifying the extent of their need for development or amendment due to the novelty of the unified international tax on the economic environment in Kuwait. Accordingly, the research addresses one of the important issues, which is the international tax on companies, which is a relatively new matter, and the research also contains a problem about the method of adaptation and preparation for the application of this tax. Methodology: The study relied on the inductive approach in the research by analyzing the scientific material of the research topic and the foundation of the G20 and the unified tax system, and it also relied on the analytical approach by analyzing the material that was collected. Results: Through this research, a number of results were extracted, the most prominent of which is that the current tax laws do not address the practical reality when covering the aspect related to the unified international tax on companies; This resulted in the emergence of some legal disputes that require legislative intervention to resolve them and remove the ambiguity surrounding the concept of the unified international tax. Conclusion: The research concluded with a number of recommendations, the most important of which is to submit a proposal to make amendments to some Kuwaiti legislation related to taxes.