The taxation of digital giants at the heart of the G20 Finances in Bangalore

The global taxation of large digital companies will be discussed at the G20 Finances in Bangalore.

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The meeting of finance ministers of the G20 countries opens this Thursday, February 23 for two days in Bangalore, in the south of India, with two main negotiations on the agenda: the establishment of a minimum tax 15% on multinationals, and that on large digital companies.

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With our correspondent in New Delhi,

Sébastien Farcis

Just over a year ago, 140 OECD countries signed an agreement that guarantees they will impose a minimum 15% corporate tax, in a bid to combat tax dumping.

This agreement will be discussed at the G20, and will enter into force

in the European Union in 2024

.

This minimum tax of 15% is said to be pillar 2 of the

July 2021 agreement found at the OECD

.

The first of these two pillars concerns the taxation of large digital companies, such as Google or Apple.

But it will be more difficult to find a consensus on this point, deplores the French Minister of Economy Bruno Lemaire: “

Today, things are blocked, in particular by the United States, Saudi Arabia and India.

We will plead for an unblocking of the situation, in particular on pillar one of digital taxation.

The chances of success are slim.

 »

The minister recalled that France had already implemented a tax on large digital companies at the national level which “

 brings

[to France, editor’s note]

nearly 700 million euros per year”

.

Bruno Le Maire wants this tax to be extended to all of Europe.

The digital giants place their headquarters in the European countries with the lowest taxes, which allows them to pay half the taxes of traditional companies.

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