France Says Minimum Tax Must Capture as Many Sectors as Possible

June 11, 2021, 9:44 AM

France is pushing for a global agreement on minimum corporate tax that would include China and cover as many sectors as possible, French Finance Minister Bruno Le Maire said.

After a Group of Seven meeting last week made progress on how to share out rights to tax multinationals, attention is now turning to the details of how to apply a floor of at least 15% for large companies. Rich nations are concerned that China may seek exemptions for certain sectors as the negotiations go into the next phase.

“The text will go to the G-20 in July and will be ...

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