The United States welcomed on Saturday (June 5th) the agreement obtained by the G7 finance ministers opening the way to a plan to reform global taxation, and to a minimum tax rate on multinationals. In a statement, U.S. Treasury Secretary Janet Yellen praised a “Unprecedented commitment” of G7. “This global minimum tax will end the race to the bottom of corporate taxation, and bring justice for the middle class and working people in the United States and around the world.”, she added.
G7 finance ministers have committed to the goal of a minimum global corporate tax rate of at least 15%, they said in a statement on Saturday, after 48 hours negotiations.
“A historic step”
For his part, the Minister of the Economy, Bruno Le Maire, applauded Saturday “a historic step” in the « combat » against “Tax avoidance and optimization”. About the rate“At least 15%” on which the G7 finance ministers meeting in London have agreed, “This is a starting point and in the coming months we will fight for this minimum tax rate to be as high as possible”, assured the minister in a video message posted on Twitter.
“The fight will continue, at the G20, at the OECD, but the step which has been taken here in London, within the framework of the G7, is a historic step which should fill us, all of us French, with pride. “, he added. This agreement indeed paves the way for other negotiations during the G20 finance, to be held in Venice (Italy) on July 9 and 10, which could further advance this reform project, supported for two years by the Organization. for Economic Cooperation and Development (OECD).