France says US offer on global minimum tax rate is basis for compromise – fr

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France says US offer on global minimum tax rate is basis for compromise – fr


FILE PHOTO: French Economy and Finance Minister Bruno Le Maire visits a cafe as preparations for the reopening of restaurants and bars in Paris as part of an easing of restrictions on the country’s lockdown in the middle of the coronavirus (COVID-19) epidemic in France, May 18, 2021. REUTERS / Benoit Tessier

PARIS (Reuters) – The latest US proposal in international negotiations on an overall minimum corporate tax rate is a basis for compromise, French Finance Minister Bruno Le Maire said on Friday.

The US Treasury Department on Thursday proposed accepting a minimum overall corporate tax of at least 15%, a rate significantly lower than the proposed minimum of 21% for US multinationals.

“The latest US proposal could be a good compromise,” Le Maire said upon arriving for talks with his euro area counterparts in Lisbon.

“But the key question is clearly to have a compromise and an agreement on the two pillars – digital taxation and minimum taxation as soon as possible, I mean the G20 in Italy at the beginning of July,” he said. added.

The 140 or so countries involved in the negotiations aim to reach a deal by the middle of the year, but the Organization for Economic Co-operation and Development, which is hosting the negotiations, has suggested it may take until ‘in October to finalize an agreement.

Reporting by Leigh Thomas Editing by David Goodman and Toby Chopra

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