Meeting in London, the finance ministers of Germany, France, Spain and Italy assure that they will defend a common position on a global minimum tax on companies during the G7 Finance, which opened this week. Friday.
They believe an agreement is in sight, according to an opinion piece published Friday in The Guardian daily.
Read also: The digital tax agreement depends on Washington
Make multinationals pay
They undertake "
to establish a common position on the new international taxation from the meeting of G7 finance ministers in London on Friday
", believing that "
the chance to reach an agreement is at hand
" for the G20 Finance July. “
We stand a chance that multinational companies are paying their fair share,
” they add.
This is the first time since the start of the pandemic that the Finance Ministers of the Seven Great Powers have met in person, and this meeting precedes the G7 Heads of State in Cornwall (southwest England) the following week. "
Expectations are high that we can come to an agreement
" on corporate tax reform, said UK Finance Minister Rishi Sunak, opening the meeting at Lancaster House in the center of the UK capital . "
In a complex, global, digital economy, we cannot continue to rely on a tax system that was largely designed in the 1920s
," he said under the camera and flash lenses of photographers.
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A dragging reform ...
The global minimum tax bill revived by the administration of US President Joe Biden.
It is the “
pillar
” of a vast tax reform carried by the OECD, with the second part of the possibility of taxing the profits of large multinationals, in particular the digital giants, where they make their profits and no longer just there. where they are saved.
"
We want companies to pay the right amount of tax in the right place and I hope we can get a fair deal with our partners,
" Rishi Sunak said in a statement released by the Treasury at the opening of the meeting.
This project, desired in particular by Paris for several years, has benefited from a flashback thanks to the coming to power of Democrat Joe Biden, more favorable to multilateralism than his predecessor, the Republican Donald Trump. But the first reversals are already being seen. The Biden administration first spoke of a minimum corporate tax rate of 21% before changing its mind to 15%, in order to rally more votes.
