Global tax minimum hits french agricultural cooperatives

28 Sep 2023

France has long been an advocate for the introduction of a global minimum corporate income tax. A 2021 agreement set the global minimum corporate tax at 15% for companies with revenue of at least 750 million euros. Currently, large agricultural cooperatives pay less than 15% corporate tax under French Cooperative laws. Finance Minister Bruno Le Maire announced that the agricultural cooperative sector will now be included under the new 15% tax minimum.