General Electric would have hidden 800 800 million from French tax authorities

General Electric would have hidden 800 800 million from French tax authorities

Observation made Reveal Inn His inquiry May 29 is especially cursed. Between 2015 and 2020, the American company hid its 800 800 million profit on French soil through transfer charges paid to a Swiss subsidiary that created the opportunity. This activity represents a shortfall of മുതൽ 150 to ദ 300 million for public accounts.

However, there are concerns that this complaint may end without action. GAFAM seems to be enjoying a totality of immunity when it comes to tax evasion. So, in 2021, Amazon Escaped from taxes The Luxembourg-based subsidiary, which reported a net loss of 1. 1.2 billion for the 2020 fiscal year, had targeted e-commerce in companies despite a turnover of 44 44 billion in Europe. Collective complaints Finn 2019.

The problem is that these groups manage to impose transfer charges on their European and, in this particular case, French subsidiaries. These rates make it possible to declare zero profit in the lowest tax-friendly areas for the benefit of established companies. DelawareOr In Ireland. Strengthening GAFAM’s lobbying with the European Commission underscores the importance of the legal and tax fight.

The government’s weakness and unwillingness to impose itself on the tax evasion of American multinational corporations raises questions as to its inaction in the face of sanctions imposed by Washington on Alstom using General Electric’s profits. . This is a toxic gift to the Ministry of Finance and Finance, whose scope of potential has recently expanded to industrial and digital sovereignty. It will be interesting to see Bercy’s reaction in the coming days.

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Antoine Korn and Lee Hercade

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