France hopes to reach an agreement with the United States on a digital tax by spring

Madrid, 25 years old. (Europe Press) –

The French Minister of Economy, Finance and Recovery, Bruno Le Maire, has indicated that he hopes to reach an agreement with the United States, within the framework of the Organization for Economic Cooperation and Development, on a digital tax by the spring of 2021.

This is what Le Maire indicated during his intervention at a panel discussion organized within the framework of the World Economic Forum, which is being held this week remotely due to the epidemic.

“There is a possibility that this new international tax system will be ready by the end of the spring of 2021,” the minister said, stressing that France will make all necessary efforts to pave the way and that an agreement can be reached.

Le Maire was optimistic that the person chosen by US President Joe Biden to head the Treasury Department, Janet Yellen, recently stated that she was open to reaching an agreement on international taxation on the two pillars of the Organization for Economic Cooperation and Development: digital taxes and an effective minimum rate in corporate tax.

“The winners from this economic crisis are the digital giants. How can you explain to some sectors that have been severely affected by the crisis and those who pay their taxes that these digital giants will not have to pay the same level of taxes?” The French minister emphasized, “It is unfair and ineffective from an economic point of view. “.

In October, the Organization for Economic Cooperation and Development had to postpone its planned timeline regarding negotiations for a new international framework on taxation of digital giants. Originally, the agreement was due to be released at the end of 2020, but has been postponed until mid-2021, in line with what was raised on Monday by Le Maire.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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