facebook icon twitter icon instagram icon linkedin icon

Latest

France sees EU digital tax solution in 2021

04 September 2020, MVT 21:29
President of the European Council Charles Michel (L), Germany's Chancellor Angela Merkel (C), France's President Emmanuel Macron (2 nd R) and President of the European Commission Ursula von der Leyen talks during a bilateral meeting at the EU summit on a coronavirus recovery package at the European Council building in Brussels on July 19, 2020 An acrimonious EU summit headed into a third day as leaders remained deadlocked over a huge post-coronavirus economic recovery plan, unable to overcome fierce resistance from the Netherlands and its "frugal" allies. François WALSCHAERTS / POOL / AFP
04 September 2020, MVT 21:29

French Finance Minister Bruno Le Maire forecast Friday there would be a European solution next year on taxing digital giants should global talks at the OECD hit a wall.

After months of technical talks, 137 countries met in January under the auspices of the Organisation for Economic Co-operation and Development to negotiate a deal on how to tax multinational tech companies.

Big EU countries say the so-called GAFA group -- Google, Apple, Facebook and Amazon -- unfairly exploits tax rules that let them declare profits in low-tax havens, depriving other governments of their share.

France, Britain, Spain, Italy and others have imposed taxes on the largest digital companies but officials in Washington say that amounts to discrimination against US firms.

The US continues to oppose ideas put forward at the OECD, but German Finance Minister Olaf Scholz said last month he was confident an international blueprint could be agreed later this year.

On Friday, Le Maire told the media groups RMC/BFMTV: "If there is no OECD agreement we shall have a European solution during 2021.

"On the European level there is total mobilisation, notably with European (Economy) Commissioner Paolo Gentiloni," Le Maire said.

He noted a "reticence above all in the United States" on the issue but said opposition was falling away in EU states.

Le Maire said he would prefer a global accord, however.

Paris, France | AFP

Share this story

Related Stories

Discuss

MORE ON WORLD