The idea of ​​a minimum tax rate for companies on a global scale progresses under the impetus of the United States

Weight support. The United States intends to push its international partners to agree on a minimum corporate tax rate, regardless of the country in which they are located. “We are working with the G20 countries to agree on a minimum corporate tax rate, which could end the race to the bottom.”Joe Biden’s Economy and Finance Minister Janet Yellen said during a speech in Chicago on Tuesday April 6.

To attract businesses to their territory and guarantee them a competitive environment, countries compete to offer companies lower tax rates than their neighbors. Janet Yellen lamented this “30-year race towards ever lower corporate tax rates”.

The Democratic administration, to finance a massive infrastructure plan, is seeking to raise corporate taxes in the United States, which had been sharply lowered by Donald Trump.

This reform will be on the menu for the virtual meeting of the G20’s major financiers from Wednesday with, perhaps, the prospect of an agreement by the meeting of finance ministers and central bankers of member countries on July 9 and 10.

This tax harmonization, intended to tax companies to a minimum regardless of the country where they are established, also aims to solve the long-standing problem of the digital giants (Gafa), who often practice tax optimization by establishing their headquarters there. where the tax rate is the lowest.

“A comprehensive agreement on international taxation is now within reach” after this American proposal, welcomed Tuesday the Minister of the Economy, Bruno Le Maire, calling for “seize this historic opportunity”.

Germany also welcomed this progress on Tuesday, and the International Monetary Fund (IMF) declared itself in favor of this reform of international taxation to adapt it in particular to the digital age.

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