France expects minimum tax to yield “several billion” euros -minister By Reuters – Investing.com

SourceInvesting.com
SectorEconomy
CountryMiddle east

© Reuters. FILE PHOTO: France’s Economy and Finance Minister Bruno Le Maire poses ahead of a meeting with Britain’s Chancellor of the Exchequer Rishi Sunak during a meeting of finance ministers from across the G7 nations ahead of the G7 leaders’ summit, at Lancaster

PARIS (Reuters) – France expects to raise several billions of euros in extra revenue from a global minimum tax rate currently being negotiated internationally, Finance Minister Bruno Le Maire said on Wednesday.

Le Maire and his counterparts from the Group of Seven powers agreed on Saturday to support a minimum rate of at least 15% in talks under way at the Organisation for Economic Cooperation and Development on rewriting the rules of cross-border taxation among 139 countries.

Asked on BFM TV how much the minimum tax would yield in France, Le Maire said: “It’s still a bit hard to evaluate, but it’s several billion euros per year.”

A separate pillar of the international talks is focused on how to share...read more...