Le Maire, Scholz in joint interview with Die Zeit, Le Figaro; U.S. President Biden proposed 21% tax rate for multinationals
France and Germany support the U.S. proposal of a 21% minimum tax on
multinational companies, French Finance Minister Bruno Le Maire and his
German counterpart Olaf Scholz told Le Figaro and Die Zeit in a joint
interview released on Tuesday.
“If
the Biden administration proposes a 21% rate and there is consensus, it
would be acceptable for us,” Le Maire is quoted as saying.
“It is important that we agree on a
percentage -- where exactly that will lie, the talks in the next few
weeks will determine,” Scholz said. “Personally I would have nothing
against the U.S. proposal.”
U.S. President Joe Biden’s administration has
proposed combating corporate tax-reduction strategies with a global
minimum rate of 21%, and a system for ensuring that the world’s 100 or
so biggest companies pay more in places they actually do business.
While
the broad proposal has received widespread support, after years of
talks hosted he Organisation for Economic Cooperation and Development
tried to reach a global deal, the precise tax rate could still be a
sticking point....
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