France plans diplomatic offensive to help strike global tax deal – .

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France plans diplomatic offensive to help strike global tax deal – .


French Finance Minister Bruno Le Maire will meet with Irish, Polish, Russian, Indian and Chinese officials as he seeks to overcome any potential opposition to an international tax deal in time for a meeting of the Group of 20 in July.
The rally in Venice rose to prominence after the Group of Seven advanced economies overcame years of division this month to engage on an overview of changes to corporate tax rules and rates. But around 140 countries in total have to approve the details, and some have expressed concern about the impact the changes could have on their economies and larger businesses.

One of them is Irish Finance Minister Paschal Donohoe, with whom Le Maire will meet informally in meetings with EU finance ministers in Luxembourg on Thursday and Friday. The discussion will seek to address Ireland’s reservations about setting an overall minimum rate, which could undermine its efforts to attract multinational companies.

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