Business Tax of the giants of digital : break in...

Tax of the giants of digital : break in the negotiations

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The administration Trump, noting the lack of progress on the issue of the taxation of the giants of the digital world, has decided to take a break in the discussions that take place within the framework of the OECD, announced that, Wednesday, June 17, the u.s. secretary of the Treasury.

“The United States have suggested that a pause in the talks of the OECD on international taxation at a time when governments around the world focus on the response to the pandemic of Covid-19 and on the re-opening any security of their savings “, said in a press release, Monica Crowley, in charge of public affairs.

Multilateral agreement ?

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During a hearing Wednesday before the House of representatives, the us Trade representative Robert Lighthizer, did not exclude a multilateral agreement. “I think there’s clearly room for a negotiated settlement “, he said. “We need an international regime that focuses not only on certain industries, but also on how we are going to tax the people at the international level “. But he had sown the seed of unrest by claiming that the secretary of the Treasury, Steven Mnuchin, had decided to withdraw from the negotiations.

Mr. Mnuchin has recently sent a letter to his counterparts, French, british, Spanish and Italian, in which he informs them of this break, has also indicated to the Agence France-Presse a source close to the file, confirming information of the Financial Times.

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Tax according to the actual activity

In early may, the French minister of economy, Bruno Le Maire, had felt that the european Union had to re-take the folder of the taxation of the giants of the digital to the extent that the work undertaken by the OECD “marked(a-I)ent in’.

At the end of January, 137 countries had agreed to achieve by the end of 2020 to an agreement on the taxation of multinationals, under the aegis of the OECD. The taxation must take into account the actual activity carried out in each country, to avoid the large groups, in which the GAFA, such as Google, Amazon or Facebook, do not pay their taxes where the tax on profits is the lightest.

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France has decided to impose since the 1er January 2019 a tax on large companies in the digital sector to the tune of 3 % of their turnover, pending the adoption of an international tax. The administration Trump then threatened to overtax “up to 100 % “ the equivalent of 2.4 billion worth of French products.

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The World with AFP

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