The Limited Times

Now you can see non-English news...

Taxation of multinationals: Emmanuel Macron welcomes a "major step forward for tax justice"

2021-10-10T00:17:17.539Z


Emmanuel Macron welcomed this Saturday the "historic" agreement of 136 countries to impose a minimum tax of 15% on multinationals, "a ...


Emmanuel Macron welcomed this Saturday the "

historic

"

agreement

of 136 countries to impose a minimum taxation of 15% on multinationals, "

a major step forward for tax justice

".

Read also Final negotiations on global taxation

For 4 years, we have been working for fair taxation of multinationals and digital giants. The tax agreement found at the OECD is historic. Any multinational company will have to pay at least 15% tax. This is a major step forward for tax justice,

”tweeted the French president, the day after the announcement of this agreement by the OECD, after the rallies of Ireland, Estonia and Hungary. These 136 countries, which represent 90% of global GDP, will be able to generate around 150 billion euros in additional revenue thanks to this minimum tax from 2023.

The French Minister of the Economy Bruno Le Maire has already indicated that he wants to translate this agreement into a legal act during the French presidency of the European Union, in the first half of 2022. NGOs and some economists, however, deemed it insufficiently ambitious, and bearer of inequalities between rich and developing countries.

According to Oxfam, the poorest countries will get less than 3% of the additional tax revenue.

Source: lefigaro

All business articles on 2021-10-10

You may like

Business 2024-03-17T05:17:29.829Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.