The United States keeps the iron hot. They proposed on the night of Thursday to Friday to set at least 15% the tax rate on corporate profits, a subject that has been the subject of negotiations since 2014. “The Trump administration had paralyzed the debate for four years, notes Robert Danon, professor and director of the Center for Fiscal Policy at the University of Lausanne. The new presidency not only signals its commitment to multilateralism, but also creates a new positive dynamic. ” Decryption.
What is the purpose of the Biden administration?
“One of the objectives of the current negotiations is to stem the tax underbid (race to the bottom) and too low corporate tax rates, says Robert Danon. To do this, from 2019, the States, under the aegis of the OECD and the G20, are trying to negotiate a floor rate. ” According to him, the United States has already known a comparable system since 2017. Last April, the Biden administration proposed to set the minimum rate at 21% but now says it is ready to retain at least 15%.
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