Global corporate tax: “15% is huge”, welcomes the OECD

Global corporate tax: “15% is huge”, welcomes the OECD

The OECD had fought for the global corporate tax buttere the day.Pascal Saint-Amans, director of the organization’s Center for Tax Policy and Administration, was the guest of 23h from franceinfo Saturday 5 June.

saint amans

“This is the culmination of ten years of work, of all the efforts made since the 2008 financial crisis to regulate globalization. The taxation of multinationals is the last step to end tax havens. It’s sort of a revolution ”, comment Pascal Saint-Amans Saturday June 5 on franceinfo, after the adoption by the G7 of a global corporate tax 15%.

“France can be proud”, reacted Bruno Le Maire on Twitter.“The France and Germany had this project four years ago. The Biden administration arrived and developed the embryo left by the Trump administration. 15% is huge. Profits are currently taxed at zero ”, underlines the director of the Center for Tax Policy and Administration of the OECD.

Again many countries to convince

15% is already extremely ambitious. We still need the agreement of the G20 and the agreement of the 139 OECD countries. We are working day and night at the OECD to have an agreement at the end of June ”, he assures.

Before convincing China, we must convince Ireland, the countries of Eastern Europe then Brazil, India, Indonesia and South Africa, Pascal Saint-Amans note.China has participated in all of our work for ten years ”. His position should be known on July 8 and 9., at the top of G20 in Venice, Italy.