France and US making progress on global and digital taxation
There has been a sharp acceleration in the talks under Joe Biden to resolve the issue of levying the profits of big US tech companies
07 April 2021 - 13:15
Paris/London — France has signaled a sharp acceleration in international talks with the US to overhaul global corporate tax rules and resolve the thorny issue of how to levy the profits of tech companies such as Facebook and Alphabet’s Google.
French finance minister Bruno Le Maire said on Wednesday his country is open to agree to raise its suggested minimum tax from 12.5% after US treasury secretary Janet Yellen outlined plans for a 21% levy. He also said France is weighing long-awaited proposals from the US on how to tax the profits of tech giants...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.