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

Mark Battersby
clock • 4 min read

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 compromise text in an attempt to reach an agreement at the ECOFIN of 15 March 2022, in a new draft of the ...

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