The self-congratulations to welcome the agreement reached on Saturday on a future global minimum tax on multinationals still resonate that already, the weaknesses of this multilateral edifice appear.
The big money-makers of the G7 countries support, in their
press
release of June 5, a minimum tax "
of at least 15%
" on the profits of "
the most profitable multinationals
".
Problem: the scope of the companies concerned is not specified.
It will still be the subject of discussions in July within the G20 as well as among the 138 countries involved in this overhaul of global taxation.
Read also:
Minimum global tax: compromise in sight
Without waiting for these next milestones, Rishi Sunak, the British Minister of Finance, host of the G7 meeting last Saturday, defends, according to the
Financial Times
and
Bloomberg,
an exemption from this global tax for financial services and banks.
Support well understood for the interests of the City, criticized by Labor MP Margaret Hodge.
Caution in Paris
According to Bloomberg data, 19 of the 20 largest
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