Brussels – European governments planning to reassure the Trump administration by modifying the EU rules on the taxation of multinationals pays the example of the United States of UNSE key to the Historical Mondial Liver.
As part of the latter, negotiated within the Organization for Ecoonomic Cooperation and Development (OECD), nearly 140 pays its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its its wins in 2021 to fix a minimum tax rate of 15% for the multi-ands one. This agreement is considered an essential in the fight against tax evasion.
A CE of the day, Uniarantaine of pays on the work the minimum tax, don’t a major of EU members, who transposed grants him into his right and the imposition of large multineases ”.
The United States has negotiated the grant of 2021, which includes non-minimum tax that payroll can introduce unilaterally and new, but Washington has never implemented it.
The day he officially started a second term, Trump announced the withdrawal of the United States from the grant And a managers of the American secretary to the Treasury, Scott Bessent, to investigate to find out if foreign countries have set up or plan to set up tax rules “extraterritorial or which affecting a disproportionate manner.
More clarification, the American administration a criticism of a provision one of the OECD agreement leaving one to increase taxes on multitinationals that other pays do not impose the minimum tax, in order to make up the lack of winning.
“If you take the example of an American pharmaceutical company which sells medications in Italy and transfers its profits in Ireland (…) theory, with minimum world tax, which is passing; If it does not do so, then the United States would do it; And if the United States does not do so, then Italy would do it, “illustrates with politico Quentin Parrinello, the European Observatory of Tax, based in Paris.
This mechanism, called “insufficiently imposed profits rule”, is designed to encourage them to compete for the perception of a minimum tax, instead of competing with Prumeur companies in the Place des Taxes Commelles Commelles Les Lets Let. He should be applied for the first faith next year.
“What (the American authorities) do, in fact, is the essay to undermine the entire structure (of the world grant),” said Quentin Parrinello. “They want to destroy a Sun agreement a global tax which would allow other countries to set up a minimum tax which did not correspond to their interests.”
According to a Document of the Congseil of the European Union seen by Politico, the EU now plans to “limit the application” of the rabies of insufficiently formal profits. Hela can be done by extending beyond 2026 an exeneration news flowing the companies does not have a mechanism ”.
Driven
At an OECD meeting at the dubut of the month, the United States would have said that they were eager to negotiate on this issue.
According to the document Consré by Politico, Washington said he wanted to find a compromise “which respects the sovereign powers of the United States” and that “all the other great economicals” said that they were fooled to discuss the question.
The document addresses potential developments in current negotiations and IDES on how to respond to the preocuss of the United States. He Is designed to supply a discussion that the resumes of the Europeans will last on Tuesday.
The document warns that the application of this rule “leading to the repair measures” on the part of Washington, including against European corporate.
Trump has already demonstrated in the way, rather aggressive, that he has of approaching the economic stakes, brandishing customs of customs and dec. Brussels is currently trying to negotiate with Washington in order to avoid the taxation of additional customs duties of 20% on all American imports of European products. Members undulate concessions on the tax front, so as not to exacerbate current transatlantic tensions.
However, the Congseil document also stresses that new exemptions “can decanter EU companies
The document also proposes the worldwide rules by calculating the tax credits in a less strict manner, so as to increase the effect rate of the United States and to the European and American rules in terms of accounting mehod on tax rates.
A fiscal time adopted by the American congestion on the first Trump administration imposed on multinationals a minimum tax rate inferior to that provided by the grant of the OECD, and one unimhoodly calculated from the world base.
“The question is whether Europe will give in to pressure from the United States and authorize the modification of the world grant,” says Quentin Parrinello. An exemption from the potential exemption for American companies would encourage European firms to set up in the United States: “It is a-productive for the European Union”, for combustion for combination.
The risk, he adds, is to return “to the decennia of courses at least ectal tax in matters of corporate tax. (…) This means that payrolls will have to look for other sources of income, which involves deductions.
The European Economy Commissioner, Valdis Dombrovskis, assured that the EU pays “are attached to this agreement on an OECD world tax”. He also warned, during a event organized by the Council for Foreign Relations on Monday, that in the absence of an accrecelors on the equitable allocation of taxation rights worldwide, the question of European taxes on the Nummeric would tighten again. It has not been touched on the question of the minimum tax of companies.
This article was first published by Politico in English and was published in French by Jean-Christophe Catalon.
Politices
