In the ongoing negotiations with the OECD to establish an Global
corporate tax system, France has so far favored a global minimum tax
rate of 12.5% on profits, equivalent to that in force in Ireland.
US Treasury Secretary Janet Yellen said Monday that the United States
was working "with the G20 to agree on a minimum corporate tax rate," but
did not specify the level at which the tax would be set.
Yellen reaffirmed the US willingness to see such a harmonized tax
achieved globally, at a time when the Biden administration wants to
raise taxes on US businesses to fund the giant infrastructure project.
This plan mainly envisages an increase from 10.5% to 21% of the minimum
tax rate on the profits of American companies, regardless of the country
in which these profits are made.
Yesterday, he assessed that the American opening makes it possible to
reach a global agreement on the reform of the taxation of multinational
companies, something that has been negotiated for many years under the
auspices of the OECD.
In addition to a global minimum tax rate, this reform also provides for
the correction of corporate tax according to the profits made in each
country, regardless of their tax headquarters.
This second point is mainly aimed at Internet giants, who often pay
taxes that are not related to the income and profits they have in each
country. The OECD wants to reach an agreement at the G20 economic
leaders' conference, programmed to take place on 9 and 10 July.
