French minister bats for global corporate tax at WEF

France wants to push during its presidency of the Group of Seven (G7) for a global taxation system including a minimum corporate tax at world level, Finance Minister Bruno Le Maire said on Thursday.

Le Maire told the World Economic Forum in Davos this was needed to address imbalances among the taxes paid by big and small companies. He said he had discussed the idea with the United States. "There is a common understanding among all G7 members that we need a new taxation system," he said. 

(With inputs from agencies.)