Minimum global corporate tax: what it could earn for France

Minimum global corporate tax: what it could earn for France

The worldwide tax rate of 15% on large companies, adopted Saturday June 5 by the G7, debated.What will be the impact of this tax on the coffers of the French State?

profits france txe

What would be the economic repercussions of a global minimum corporate tax?With taxation at 15% all over the world, like foresee it the agreement reached at the G7 summit, Saturday 5 June in London (UK), France could receive 4.3 billion in additional revenue.This sum could be even more important, according to an expert.This is a missed opportunity, since just a few weeks ago the United States offered a much higher effective rate – to 21% – and France supported it with the end of its lips ”, explains Quentin Parrinello, responsible for advocacy on tax justice and inequalities for Oxfam France.

BNP Paribas taxed

France wants so to go beyond.With a tax rate of 21%, France could recover 16 billion euros and 26.1 billion with a rate of 25%.This global policy would affect French multinationals, such as BNP Paribas, because it realized profits in 35 countries with lower tax rates.With a rate at 15%, the bank would pay the State 160 million euros and 370 million with a rate of 21%.The digital giants, Google, Amazon, Apple ou Facebook (BLUNDER),will also be taxed on their worldwide profits, but it is impossible to know, for the time being, how high.