“Currently things are blocked, especially by United States, Saudi Arabia and India. We will advocate unlocking” although “the chances of success are slim”, declared the French minister at a press conference prior to a G20 ministerial meeting this week in India.
Global tax: companies receive support from countries
“I remember that we have always said that if the countries of the G20 and OECD They were not able to agree on the implementation of a digital tax, we will advocate for a European implementation”, he added.
The minister recalled that France has already approved a domestic tax on large technology companies that has brought in “close to 700 million euros a year” to the French public coffers.
The tax on technology giants is one of the two pillars of the agreement of the OECD (a club of countries, mostly rich, based in Paris) to lay the foundations of fair competition on a global scale in the field of corporate taxation.
The second pillar seeks to establish a minimum tax of 15% on the profits of these companies.
In this section, the situation “has progressed a lot” and this minimum tax could begin to be applied “in the coming months”, according to the French minister, even if the United States continues to apply its own tax system.
Source: Ambito
