Last week, the G7 announced to support a 15 per cent minimum global corporate tax rate in order to eliminate profit shifting into the low tax countries. The agreed tax rate represents a big compromise as it is far from the rates suggested by the US (21 per cent) and the OECD (19 per cent). […]
Yet, the reforms undertaken in recent years are insufficient to eliminate tax avoidance by multinational corporations.
Laurent Alexandre talks about the delay in the European Union’s response.
Tech companies have simply not sent their cash back but have instead parked it in tax havens, and most notably Bermuda.
The digital revolution, our policies need to evolve to deal with this new type of wealth creation.
The European Commission has made the creation of a digital market one of its highest priorities.