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France will tax tech giants in December, announces Le Maire

2020-10-18T18:07:18.301Z

France will tax the tech giants in December, after the failure of negotiations at the OECD, the Minister of the Economy, Bruno Le Maire, confirmed this Sunday on France 3. Read also: The tax on digital giants has already brought in 280 million euros “ We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the di



France will tax the tech giants in December, after the failure of negotiations at the OECD, the Minister of the Economy, Bruno Le Maire, confirmed this Sunday on France 3.

Read also: The tax on digital giants has already brought in 280 million euros

We had suspended the collection of the tax until the OECD negotiations were concluded.

This negotiation failed, so we will collect a tax on the digital giants next December

, ”he said during the Dimanche en Politique program.

"

France should be proud to be one of the first countries in Europe, with Spain, with Italy, with Austria to levy fair taxation on digital people, whom I recall are the only winners of this crisis

”, underlined the minister.

OECD wants to reach agreement by mid-2021

Last Monday, the 137 countries negotiating under the aegis of the OECD failed to find an agreement for large digital companies to "

pay their fair share of tax

".

While the OECD is confident that it will succeed by mid-2021, its Secretary General Angel Gurria has predicted, in the event of definitive failure, "

an increase in unilateral actions, retaliatory measures

", and ultimately, a new "

trade war

".

These new tax rules, in addition to pacifying international economic relations, could bring in 200 billion dollars a year, welcome when the pandemic has "

widened the

public

deficits

", had argued Angel Gurria at a press conference.

Opposite, the digital giants have "

taken advantage

" of the digitization of the economy, accelerated by the various containment measures in the world.

As an example, Facebook achieved a turnover of nearly 70 billion dollars in 2019, but paid 8.46 million euros in corporate tax in France in 2019. A tiny fraction of the 6 , 3 billion in taxes paid by the group, mainly in the United States.

Source: lefigaro

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