Finance Minister says, France to tax Digital Giants from 2019

Finance Minister says, France to tax Digital Giants from 2019

On Thursday, the France Finance Minister Le Maire said that the country will tax digital giants from 2019 at a national level if the European Union states failed to reach an agreement on a tax on Digital Revenues for the bloc.

Earlier on Tuesday, the EU Finance Ministers has failed to agree upon a tac on digital revenues, despite the last minute German-France plan to rescue the proposal by reducing its focus to companies like Facebook and Google.

Finance Minister Le Maire told France 2 Television that “I am giving myself until March to reach a deal on a European tax on digital giants.”

Mr. Maire continued, “If it doesn’t work out, we will do it at a national level, from 2019.”

In Brussels this week,  a hit back to French President Emmanuel Macron, whose government has invested political capital in tax digital giants.

It further came at a time when the government of France has been beset by the nationwide protest, which was raised against the high cost of economic policies and living perceived as favoring wealthy and big-scale business but did nothing to support or financially help the poor.

by Banani Sarkar on December 6, 2018

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