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Historic agreement on minimum taxation of multinationals

2021-06-07T19:31:15.575Z

The G7 is committed to a rate "of at least 15%" on the profits of multinationals. It remains to obtain the approval of the G20 and 138 OECD countries.



“Historical”

or even

“seismic”

for some,

“insufficient”

for others: the G7 countries have agreed on an unprecedented reform of global taxation. Meeting in London on Friday and Saturday, the finance ministers of the greatest world powers (United States, United Kingdom, Canada, Japan, France, Germany and Italy) notably accepted the principle of a minimum tax

"of at less 15% ”

in each country to fight against tax evasion by multinationals. They also gave the green light to a mechanism to tax the profits of the largest companies - including digital giants, but not only - where they do their business

.

Read also:

Global minimum tax: tax havens in the sights

This is a big step in a planetary negotiation launched seven years ago.

Blocked by Donald Trump, it has been reborn since the arrival of Joe Biden at the White House.

"This global minimum tax will end the race for the lowest tax rate for companies and contribute to more fairness for the

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Source: lefigaro

All news articles on 2021-06-07

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