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Digital taxation more relevant than ever, judge Bruno Le Maire

2020-05-04T12:50:45.250Z



French Minister of Economy and Finance Bruno Le Maire again pleaded Monday for the adoption on a European scale of taxation of digital giants, saying that the pandemic of new coronavirus in progress and its economic consequences justified more than ever the project.

Nearly 140 states are negotiating under the aegis of the Organization for Economic Co-operation and Development (OECD) a new agreement on cross-border taxation in order to adapt it to the digital age.

Read also: Despite the coronavirus, the GAFAs still at loggerheads

Faced with the economic repercussions of the pandemic, the finance ministers are now more focused on safeguarding their national economy than on revising rules made obsolete by the rise of Google, Amazon, Facebook and even Apple, which declare their profits in low-tax countries, regardless of the location of their customers.

The commitment reaffirmed at the start of the year to reach an international agreement by the end of 2020 therefore seems increasingly difficult to keep.

Bruno Le Maire reiterated several times before the emergence of the health crisis that a digital tax on a European scale would be essential, if the international community did not agree.

" This crisis shows that those who are doing better today are the digital giants simply because their activities continue including during the crisis, and yet they are the least taxed, " said Bruno Le Maire. , during a live question-and-answer session with Internet users on the professional social network LinkedIn.

Read also: Bruno Le Maire: the fall in GDP "alerts" the "violence of the economic shock"

" So my proposal for digital taxation is more topical than ever and I hope that our European partners will become aware of the absolute need to accelerate the taxation of digital giants ", a- he insisted.

Previous attempts to introduce digital taxation on a European scale have so far met with opposition from Ireland, where many American giants in the sector declare most of their income, as well as from several Nordic countries.

In the absence of an agreement, several Member States have introduced a national digital tax. France has paved the way by introducing its own tax last year, collecting threats of trade reprisals from the United States, which have so far been suspended pending the possible conclusion of an international agreement this year. 'OECD.

Source: lefigaro

All business articles on 2020-05-04

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