Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. proposal to unblock global tax talks 'interesting' -France

Economic IndicatorsApr 08, 2021 01:01PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Launching of the 2020 income tax campaign in France

PARIS (Reuters) -A new U.S. proposal to unblock international negotiations on how to tax big multinationals is an "interesting" starting point, French Finance Minister Bruno Le Maire said on Thursday.

He said his U.S. counterpart Janet Yellen had suggested this week that a broader range of companies should be covered by new rules for taxing multinationals which are being negotiated at the Organisation for Economic Cooperation and Development.

"If we can be assured that the American proposal covers all of the digital giants without exception, it appears to us to be an interesting point of departure," Le Maire told journalists.

Frustrated like many governments that big digital giants like Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) can legally book profits in low-tax countries like Ireland, France in 2019 imposed a digital service tax that it has promised to drop once there is an OECD deal in place.

However, France remains subject to a threat of U.S. tariff retaliation which the previous administration of Donald Trump put in place, judging that the French tax unfairly discriminates against U.S. companies.

Le Maire also said that he was open to considering a higher global minimum corporate tax rate than what had been under consideration so far in the OECD talks.

A rate of 12.5% had been under discussion so far in the negotiations until Washington proposed a rate of 21% this week.

U.S. proposal to unblock global tax talks 'interesting' -France
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Mary Negron
Mary Negron 2 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
𝘁𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗮𝘀𝘁𝗲𝘀𝘁 𝘄𝗮𝘆 𝘁𝗼 $ 10,000 𝗽𝗿𝗼𝗳𝗶𝘁. 𝚐𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝗱. 𝗎𝗃𝖾𝗃𝗌𝖼𝖺.𝗆𝗅
Kathy Sullivan
Kathy Sullivan 3 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
𝘁𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗮𝘀𝘁𝗲𝘀𝘁 𝘄𝗮𝘆 𝘁𝗼 $ 10,000 𝗽𝗿𝗼𝗳𝗶𝘁. 𝚐𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝗱. 𝗍𝗋𝖾𝗇𝖻𝖺𝗌.𝗀𝖺
Imre Magossy
Imre Magossy Apr 08, 2021 4:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
pay tax after export and 0% of coperation tax. Nothing can be measured more accurate then the goods what leaves your country what you made and can be honered like a tax for export, and if the good stay in the country no tax!!!
Casador Del Oso
Casador Del Oso Apr 08, 2021 12:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Of course they do...more money for them.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email