PARIS: France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance ...
PARIS: France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance minister said on Thursday, adding such a tax had never been more legitimate or more necessary.
However, the fallout from the coronavirus outbreak has left finance ministries most focused on saving their economies, potentially jeopardising the end of the year deadline. "In any case, France will apply as it has always indicated a tax on digital giants in 2020 either in an international form if there is a deal or in a national form if there is no deal."In the Czech Republic by contrast, Finance Minister Alena Schillerova said she may delay the introduction of a digital tax until next year, to take advantage of any international rule, and lower the rate to 5per cent from a currently proposed 7per cent.
EU politicians, seeking funds to prevent climate change and diminish wealth differences across the 27-nation bloc, want to see a company like Google, with an annual global revenue of more than US$160 billion, pay more tax in the European countries where it makes money, preferably at a uniform rate.
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