Taxation of multinationals: France will propose a European directive

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ATWith reference to the taxation of multinationals, France will suggest a European directive throughout its presidency of the EU within the first half of 2022 within the occasion of an settlement this summer season on the topic on the OECD, its Minister of the Financial system Bruno stated on Thursday. The mayor. “We are going to suggest {that a} directive be utilized at European degree for the implementation of minimal taxation on company tax,” the minister stated throughout a press convention name.

“This directive, if ever there was an settlement on the OECD, may very well be adopted underneath the French presidency within the first half of 2022,” he stated. “It’s a actual tax revolution which is on the desk”, in accordance with Bruno Le Maire, who added nevertheless that “we now have had sufficient chilly showers in recent times to stay cautious”.

The American proposal, “an fascinating start line”

Whereas the positions of France, Germany and different OECD nations are aligned with that of the US on setting a minimal company tax fee of 12.5%, the proposal of the American Secretary of the Treasury Janet Yellen on taxation in accordance with the nations the place the earnings are made, which issues particularly the digital giants, additionally constitutes “an fascinating start line”, estimated the French minister.

READ ALSOArtus – What if we modified our minds about neoliberal capitalism

“The scope that Janet Yellen initiatives is wider than that adopted by the OECD”, which needed to separate digital actions from different actions for a similar firm, famous Bruno Le Maire who burdened that the settlement needed to be world, that’s to say have in mind these two pillars (minimal and digital taxation). “There’s a fiscal convergence which is being created between the developed nations”, welcomed the Minister, who hopes that it “will lead to fiscal stability” as a way to “promote restoration”.

“I completely don’t imagine that France is out of step” by reducing its company tax fee to 25% in 2022, defined Bruno Le Maire, as a result of “there’s a convergence between the tax reduce that we now have initiated and elevated taxation in plenty of developed states similar to the US and the UK ”. “Tax dumping is poison for Europe” in accordance with the minister, for whom “the paradox is that we are going to maybe obtain fiscal harmonization, not due to European will however due to will of the OECD ”.

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ATWith reference to the taxation of multinationals, France will suggest a European directive throughout its presidency of the EU within the first half of 2022 within the occasion of an settlement this summer season on the topic on the OECD, its Minister of the Financial system Bruno stated on Thursday. The mayor. “We are going to suggest {that a} directive be utilized at European degree for the implementation of minimal taxation on company tax,” the minister stated throughout a press convention name.

“This directive, if ever there was an settlement on the OECD, may very well be adopted underneath the French presidency within the first half of 2022,” he stated. “It’s a actual tax revolution which is on the desk”, in accordance with Bruno Le Maire, who added nevertheless that “we now have had sufficient chilly showers in recent times to stay cautious”.

The American proposal, “an fascinating start line”

Whereas the positions of France, Germany and different OECD nations are aligned with that of the US on setting a minimal company tax fee of 12.5%, the proposal of the American Secretary of the Treasury Janet Yellen on taxation in accordance with the nations the place the earnings are made, which issues particularly the digital giants, additionally constitutes “an fascinating start line”, estimated the French minister.

READ ALSOArtus – What if we modified our minds about neoliberal capitalism

“The scope that Janet Yellen initiatives is wider than that adopted by the OECD”, which needed to separate digital actions from different actions for a similar firm, famous Bruno Le Maire who burdened that the settlement needed to be world, that’s to say have in mind these two pillars (minimal and digital taxation). “There’s a fiscal convergence which is being created between the developed nations”, welcomed the Minister, who hopes that it “will lead to fiscal stability” as a way to “promote restoration”.

“I completely don’t imagine that France is out of step” by reducing its company tax fee to 25% in 2022, defined Bruno Le Maire, as a result of “there’s a convergence between the tax reduce that we now have initiated and elevated taxation in plenty of developed states similar to the US and the UK ”. “Tax dumping is poison for Europe” in accordance with the minister, for whom “the paradox is that we are going to maybe obtain fiscal harmonization, not due to European will however due to will of the OECD ”.


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