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Global taxation: historic agreement targets 2023 for entry into force

2021-10-10T19:12:50.199Z

The 15% minimum tax on multinationals and a fairer distribution of digital profits are supported by 136 countries.



The agreement on international taxation, which establishes a global minimum tax for the first time, is described as

“historic”

by many leaders.

“It happens once a century;

the last time, it was in 1928! ”

trumpets the director of fiscal affairs of the OECD, Pascal Saint-Amans, kingpin of this reform, the day after the consensus validated by 136 countries out of 140, which weigh 95% of the global economy.

Read also

Final negotiations on global taxation

“This is an end to four years of intense negotiations,”

said Bruno Le Maire on Friday evening, welcoming the

“leading role”

played by France.

“Finally, the digital giants will pay their fair share of tax in the countries, including France, in which they make profits.

Finally, we will be able to fight more effectively against tax optimization, thanks to a minimum tax, the rate of which has been set at 15%, ”

added the French Minister of the Economy.

However, the compromise is not unanimous.

Several economists and NGOs denounce

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Source: lefigaro

All business articles on 2021-10-10

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