France seeks 12 month delay to new 15% global tax regime

clock • 4 min read
France seeks 12 month delay to new 15% global tax regime

The European Union's French presidency plans to delay implementation of the OECD/G20 Global Anti-Base Erosion (GLoBE) Rules by at least a year. The GLoBE rules, agreed in December 2021, will impose a 15% global minimum corporation tax on large multinational companies, among other measures designed to ensure that they pay taxes in countries where they have a customer base but no permanent establishment. In a briefing note on 15 March, Baker & McKenzie said France had put forward a compro...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login