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Amazon "must be in the field" of the tax on multinationals, insists France

2021-06-09T22:27:36.202Z

France will "fight" so that the American giant does not pass through one of the components of the reform, assured Bruno Le Maire on RMC.



Amazon

"must be in the field"

of the future tax on multinationals and France

"will fight for it to be there"

, assured Bruno Le Maire on Wednesday.

Read also: Rakuten relies on its loyalty program against Amazon and CDiscount

The American giant of the distribution could indeed pass through the field of application of the first pillar of this reform

"adopted by the finance ministers of the G7 in London last week"

, according to the Minister of the Economy questioned on RMC.

The text provides for taxing the 100 most profitable companies in the world on the basis of the profits they generate country by country and not on the basis of their tax establishment.

The objective of this reform, negotiated under the aegis of the OECD, is indeed that these large digital companies, whose intangible nature of the activity requires to rethink the rules of taxation, pay their fair share of tax.

"Business segmentation"

“The problem with Amazon is that there is a part of its activities that does not generate what is called a 'surplus profit' of more than 10%: these are all the delivery activities on which the margins are higher. weak. And there is another activity, the 'cloud', on which Amazon is making very significant surplus profits

,

explained Bruno Le Maire. The solution lies in the

“segmentation of Amazon's activities so that everything that is very profitable is indeed subject to this digital taxation

,” he added. At the end of the day,

"Amazon must pay this tax,"

he insisted.

Bruno Le Maire has identified

"three difficult issues on the path to this fairer and more efficient international tax system"

. First, that

“China gives the green light. Believe me, it's going to be a hell of a game

. Then,

"let this rate of 15% be a minimum rate: we will try with other European partners to go further than this 15%"

. Finally,

"all the digital giants without exception must be within the scope of this tax"

.

Source: lefigaro

All business articles on 2021-06-09

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