France is pushing for a global corporate minimum tax agreement that would include China and cover as many sectors as possible, French Finance Minister Bruno Le Maire said.
After a Group of Seven meeting last week made progress on how to divide the tax rights of multinationals, attention is now turning to the details of how to apply a floor of at least 15% for large companies. Rich countries fear that China will request exemptions for certain sectors as negotiations enter the next phase.
“The text will go to the G-20 in July and will be the subject of a global agreement at the OECD including other major countries and continents, foremost among which is China,” Le Maire told the National Assembly. French. “The challenges that await us remain great. “
The Mayor also reiterated that France wants a minimum rate to be as high as possible, potentially higher than the level agreed at the G-7.
“The scope of the minimum tax must be as wide as possible and include as many sectors as possible,” said Le Maire.
The Minister also reiterated that all digital companies, including Amazon.com Inc. ”must be included in the tax sharing rules.