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France “back” and wants a “new global contract”, claims Macron in Davos

Ⓒ AFP – Fabrice COFFRINI – | Emmanuel Macron in Davos, Switzerland on January 24,
2018

“France is back”, “France is back,” French President
Emmanuel Macron on Wednesday, applauded by the big bosses and
political leaders gathered in Davos, where he also called for a
“new global contract”.

“It was forbidden to fail in France and forbid to succeed,”
said the French president in a speech at the World Economic
Forum, he wants to encourage on the contrary to “take risks”,
and has detailed at length its reforms in English .

It is in French that the head of state continued his long
speech, to claim a “new global contract” in the face of
globalization “that pulls the world down”.

Otherwise, he warned, “extremism will win in 10 or 15 years
in all countries.”

For example, Emmanuel Macron called the multinationals, many
of whom sent their headquarters to the posh Swiss ski resort,
to “give up tax planning to any horse”.

Governments should have “internationally coordinated tax
strategies”, including to tax the digital giants “who do not
pay taxes,” said the French president.

If he has just lowered the corporate tax rate, as also the
US President Donald Trump, expected Thursday in Davos, Emmanuel
Macron has nonetheless called to stop the “race to the bottom”
fiscal between States.

The French president, for example,
wants the United States and China to join a tax harmonization
initiative led by the Organization for Economic Co-operation
and Development (OECD).

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