G7: adoption of a global and harmonized tax on GAFA

G7: adoption of a global and harmonized tax on GAFA

After two days of trading in the UK, the finance ministers of the G7 have agreed, saturday 5 june, sure the objective of a minimum global tax rate of 15% on companies. Un historic agreement for some, a discount agreement for others.

taxe g7

The meeting was decisive.After two days of discussions, the finance ministers of the G7 have agreed Saturday June 5 on a harmonized tax for large companies, with a world minimum rate of 15%.This is historic because for the first time, the digital giants will be really taxed when they have largely escaped tax for years. Concretely, you have a multinational which makes profits in France, which it decides to relocate to a country where it pays only 1, 2 or 3% of corporate tax. Well, she will have to pay the difference to France ”, congratulated Bruno Le Maire.

“A historic success”

Countries already applying taxation to digital giants will have to, in the long term, abandon it to respect the new common rules.G7 giants have followed the levy rate proposed by US President Joe Biden.This is “a historic success ”, its glad Yanet Jellen, the US Secretary of the Treasury.The agreement of the seven richest countries in the world has yet to be ratified by the G20, met in July in Italy.