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Taxation: MEPs support US proposal for multinationals

2021-05-02T08:55:37.100Z


The goal is above all to increase the contribution of digital companies, accused of evading tax thanks to the differences in taxation between countries.


MEPs on Thursday welcomed the United States' proposal to introduce a 21% global minimum tax on corporate profits, in a resolution on international tax rules.

Read also: Biden for a minimum global tax on profits of 21%

"

There is an urgent need to establish a minimum corporate tax rate at the international level

", affirms the European Parliament in a press release published after the adoption of this text by 549 votes to 70 and 75 abstentions.

Negotiations are underway within the OECD to achieve a system of minimum international taxation of companies and put an end to the fiscal dumping they engage in in the world.

The project has been supported for several weeks by the United States, which is seeking to raise their corporate taxation to finance a massive infrastructure plan.

The EU will have to "

go it alone

"

The goal is above all to increase the contribution of digital companies, accused of evading tax thanks to the differences in taxation between countries.

If negotiations at the OECD fail, MEPs consider that the EU will have to "

go it alone

" and deem it essential that taxes be "

paid where value is really created

".

They call on the EU to present "

a proposal on a digital services tax and a Commission roadmap with different scenarios, with or without an OECD agreement

".

We cannot wait indefinitely and depend on decisions at international level

,” said Czech MEP Martin Hlavacek (Renew Europe). France and Germany announced their support for the US proposal for a global minimum tax on Tuesday. Paris had recently mentioned a tax rate of 12.5%.

Source: lefigaro

All business articles on 2021-05-02

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