G7 finance ministers took a "big step" on Thursday (July 18th) towards a global deal on digital taxation at their meeting in Chantilly, north of Paris, despite tensions between the United States and the United States. France.
After a night of negotiations, the seven most advanced economies have finally found a consensus, presented by the French presidency as "a step forward", on the taxation of the activities of multinationals, even when they have no "presence" in the country concerned.
French Minister Bruno Le Maire welcomed the "G7 agreement" to tax activities without physical presence, particularly digital activities, "at the final press conference of the meeting. "This is the first time that the G7 member states have agreed on this principle," he said.
On France 24, Bruno Le Maire estimated that the French tax put in place against the GAFA had "served as a lever to convince the United States". "Other European countries would follow and I think with great wisdom, the US Secretary of the Treasury said it was better for an international solution," he added.
The latter, however, showed a more moderate enthusiasm against journalists at a press conference: "We have made significant progress, but there is still work to be done," said Steven Mnuchin.