Will the global tax on multinationals benefit all countries?

United States Secretary of the Treasury Janet Yellen at a press conference in Venice (Italy), July 11, 2021, during the G20 Finance Summit.

© Luca Bruno / AP

By: Dominique Baillard Follow

9 mins

Meeting in Venice last week (July 9-10, 2021), G20 finance ministers endorsed the plan for a global tax on multinationals.

The re-launched reform, thanks to the support of Joe Biden, is expected to be approved this fall.

Its objective: to better collect taxes by eliminating tax havens.

What will be its impact?

Is this a good way to fight against the growing inequalities between the countries of the North and those of the South?

How are developing countries affected?

Publicity

To get a clearer picture, we brought together experts in the studio of Eco from here Eco from elsewhere:

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Heike Buss,

OECD, advising developing countries on tax matters

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Nara Monkam

, Cameroonian economist, head of research at ATAF, the African forum for tax administration based in Pretoria

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Grégoire Rota-Graciozi

, director of CERDI, the Center for Studies and Research on Development, based in Clermont-Ferrand, worked for five years at the IMF on fiscal issues

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Farid Toubal

, University professor - University of Paris-Dauphine - PSL and scientific advisor to CEPII.

Author of works on the impact of this reform.

Our reports: 

► Around 200 multinational companies will be affected by this future global tax.

The middleweights of the economy will probably continue to benefit from a very accommodating regime.

This is particularly the case of the Franco-Italian company ST Micro Electronics, which manufactures semiconductors, the CGT denounced the largesse from which it benefits.

Report

Eco from here Eco from elsewhere

by Alexis Bedu.

EDI EDA STMicro Global Tax

► Mauritius, the little paradise of the Indian Ocean for tourists, is also a haven appreciated by champions of tax optimization.

We are happy to talk about the Switzerland of Africa with a corporate tax rate that can go down to 3%.

Under the magnifying glass of the OECD, placed on the gray list of FATF tax havens, the Mauritian financial center is seeking to diversify by offering more sophisticated services.

Our correspondent in Port-Louis, Abdoollah Earally, investigated.

Report

Eco from here Eco from elsewhere

EDI EDA TAXATION REPORT MAURICE ABDOOLAH EARRALY

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  • Finance

  • Taxation

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