Still No International Consensus to Tax the Tech Giants

The 137 countries negotiating under the aegis of the OECD have failed to find an agreement for the large digital companies to “pay their fair share of taxes”, at the risk of relaunching the “trade war” in the midst of the pandemic .

In the absence of a formal agreement, the countries adopted a report that sets the overall framework for this reform. Its principle: to define new rules so that "large profitable companies operating internationally pay their fair share of taxes in the jurisdiction where they make profits", according to the OECD. It also provides for the establishment of a global minimum tax rate, which could be set at 12.5%.

It is therefore still a step forward.

Read more on the subject here.

This content has been updated on 14 October 2020 at 18 h 22 min.