Global corporate tax: what are the benefits for France?

Global corporate tax: what are the benefits for France?

On Saturday June 5 in London, the G7 countries agreed to implement a world tax rate of at least 15%, which would allow France to recover part of the tax evasion practiced by companies.

Global corporate tax: what are the benefits for France?

What would be the economic repercussions of a global minimum corporate tax? With 15% taxation everywhere in the world, as the agreement reached at the G7 summit on Saturday, June 5 in London, provides, France could receive 4.3 billion in additional revenue.

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This sum could be even more important, according to an expert. “This is a missed opportunity, since a few weeks ago, the United States proposed a much higher effective rate at 21% and France supported it with lip service.“, lance Quentin Parrinello, advocacy manager on tax justice and inequalities for Oxfam France. With a tax rate of 21%, France could then recover 16 billion euros. This global policy would affect French multinationals, such as BNP Paribas, which makes profits in 35 countries where the tax rate is lower.