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Germany and France plan to introduce new tax on internet giants

Staff Writer |
France and Germany plan to issue a new proposal to tax internet giants so that they pay a "fair contribution" in every country where they earn money, French finance minister Bruno Le Maire said.

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"We will unveil a new plan along with our German partners at the next finance ministers' meeting in Tallinn in mid-September" for taxing technology giants including Google, Apple, Facebook and Amazon, Le Maire said in a Facebook Live chat, The Local reported.

"We propose taking the revenues of these large companies as a reference point, and use this to determine a tax level so that these companies pay what they should to the treasuries of every country where they make money," he said.

He acknowledged, however, that similar proposals had already been made at an EU level as well as for the OECD group of developed economies, without success.

"For now, these talks have stalled," Le Maire said.


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