The Minister of Finance estimated that his country will raise several billion euros in additional revenues from the minimum global tax rate that is now under global negotiation, on Wednesday (9/6) Bruno Lemerre.
The French YPOIK together with his counterparts from the forces of the Group of 7 (G7) on Saturday (5/6) agreed to support a minimum tax rate 15% in ongoing discussions in the Organization for Economic Co-operation and Development (OECD) on the revision of cross-border taxation rules between 139 countries.
Speaking to BFM and focusing on the money the minimum tax will return to France, Lemerre said: “It’s still a little difficult to calculate, but it’s quite a billion euros a year.”
A separate pillar of international talks focuses on how the right to tax the 100 largest companies, whose profits are considered to be above normal, will be shared between different countries.
Lemer, as the Athenian News Agency points out, explained that based on this pillar, France could expect to see € 500 million to € 1 billion in additional tax revenue while the current digital services taxwhich Paris has promised to withdraw once an international agreement has been reached, contributes around € 450 million a year.
Some European countries have been concerned that Amazon may not be included in the “super-profit” tax proposals as its total operating margin is below the projected 10% threshold.
Officials close to the talks said yesterday that the G7 states had found a way to include Amazon, specifically targeting the most profitable cloud computing unit, something Lemmer said he supported.
«I would like to see Amazon’s business split so that what is particularly profitable is subject to digital taxation“Amazon has to pay this tax,” he said.
According to Lemmer, there are “Three difficult issues in the course of this fairer and more efficient international taxation.”
First of all, that China must give its own “green light”. Believe me, this is a completely different matter. ” Secondly, “that this 15% tax should be a minimum tax: we will try with other European partners to go beyond 15%”. Finally, “all digital giants without exception must be within the scope of this tax.”
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