France Puts Onus on G-7 to Lead the Way in Global Tax Revamp

Logo: Bloomberg Law

By William Horobin

European governments are increasingly optimistic that the G-7 could mark a breakthrough after U.S. President Joe Biden’s administration made proposals on the two pillars of the talks: where to tax firms in the digital era, and a minimum rate. Le Maire said that while the U.S. proposal for a 15% floor would feature in the London talks, the key issue for France remains new rules on how to divide up rights to tax multinationals -- the so-called pillar one of international negotiations. On Wednesday, he said that, subsequent to a recent U.S. proposal to limit rules to the 100 biggest firms, there is progress toward ensuring digital giants are covered. 

To read more go here Subscription Required
By William Horobin, posted on Thursday May 27, 2021
Subscribe

Read More International Tax News