France tells G7 to hike minimum tax rate
French finance minister Bruno Le Maire called the G7 tax deal a starting point
6 June 2021 • 9:23pm
The deal struck between G7 finance ministers on Saturday is designed to force technology giants to pay more tax by introducing a minimum global corporation tax rate of 15pc.
However, French finance minister Bruno Le Maire called the deal a “starting point” and said that “in the coming months we will fight to ensure that this minimum corporate tax rate is as high as possible.”
Pro-tax groups have joined calls to raise the corporation tax figure higher. The Institute for Public Policy Research urged the UK to raise corporation tax to at least 21pc, a figure supported by US president Joe Biden.
José Antonio Ocampo, author at Social Europe socialeurope.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socialeurope.eu Daily Mail and Mail on Sunday newspapers.