In the absence of a global agreement, the Minister of the French Economy pleads for a “European implementation” of this taxation of digital giants.
MO12345LEMONDE with AFP
OECD negotiations for a taxation of digital giants are deadlocked due to an opposition from several countries, deplored, Monday, February 20, the Minister of the French economy, Bruno Le Maire, Before a ministerial meeting of the G20 this week in India. “Today things are blocked, especially by the United States, Saudi Arabia and India. We will plead for a release of the situation” but “the chances of success are slim,” said the minister during ‘A press briefing, pleading for a European solution.
“I remind you that we have always indicated that if the G20 and OECD countries were not able to agree for a practical implementation of digital taxation, we would argue for its setting European work. I think we are there, “added Bruno Le Maire.
The Minister recalled that France has already implemented a taxation of large digital companies at the national level which “brings us nearly 700 million euros per year”.
The taxation of digital giants is one of the two pillars, called “Pillar one”, of the agreement found at the OECD to establish the basics of equitable competition worldwide in matters of corporate corporate taxation . The other pillar, known as pillar 2, is that establishing a minimum taxation of 15 % on the profits of companies.