Emerging countries threaten to derail the reform of global taxation of multinationals laboriously negotiated under the aegis of the OECD (Organization for Economic Co-operation and Development), by mandating the UN to develop a fairer tax convention .
The “historic” agreement unanimously welcomed in October 2021 and signed by 136 countries, or 95% of global GDP, could pay the price.
Providing in particular for a minimum taxation of 15% of the profits of multinationals (“pillar 2” of the reform), it began to come into force in Europe at the beginning of this year, but the United States or China have not. put in place.
The other part of the project, its “pillar 1” which provides for the taxation of the profits of multinationals in the countries where their activity is carried out to avoid tax evasion, is, according to a person familiar with the matter,
“
in limbo
”
.
The United States has so far refused to apply it, with the Biden Administration far from being able…
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