Global digital tax deal might not be ready until early 2024, French finance minister says

📆 24/05/2022 19:05:00
📰 globeandmail

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The global digital tax deal aims to reallocate rights to tax big digital groups such as Apple and Google to the countries where the end clients are located

A global digital tax deal might not be ready until the end 2023 or early 2024, French Finance Minister Bruno Le Maire said on Tuesday, flagging a big delay to the reform’s implementation.

It is the first of two pillars of a major overhaul of the rules of cross-border taxation which also include plans for a global minimum corporate tax of 15% on big multinationals. “It might be the end of 2023, it might be the beginning of 2024, the key point is to have a total overhaul of the international taxation system,” Le Maire added.

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