French finance minister Bruno le Maire said on Tuesday that the global digital tax agreement may not be ready until the end of 2023 or early 2024, marking a significant delay in the implementation of the reform Officials hope to sign the agreement in the middle of this year, aiming to redistribute the right to tax large technology companies such as apple and Google to the countries or regions where end customers are located.
This is the first of the two pillars of a major reform of cross-border tax rules, as well as a plan to impose a 15% global minimum corporate tax on large multinational enterprises.
"In terms of the first pillar - Digital taxation - we will spare no effort to persuade the international community and OECD Member States to do their best to reach a consensus in the coming months," Lemel said after the EU finance ministers' meeting in Brussels.
"It may be the end of 2023 or the beginning of 2024. The key is to comprehensively reform the international tax system," lemmel added.
Last October, nearly 140 countries agreed to rewrite international tax rules and set a deadline for implementation in 2023.