Daily Management Review

EU-Wide Tax On Digital Revenues Within Arm’s Reach


01/21/2019


The French Finance Minister informs that the global giants of digital sector could expect EU tax by the end of March.



Source: www.flickr.com; photo by EU2017EE (CC BY 2.0)
Source: www.flickr.com; photo by EU2017EE (CC BY 2.0)
According to an interview of the Finance Minister of France, Bruno Le Maire, which was published on Sunday, January 20, 2019, the leading digital companies of the world could expect a “European Union-wide tax” by the “end of March”.
 
The newspaper, Journal du Dimanche, quoted Le Maire saying:
“We made a compromise offer to Germany in December and I am convinced that a deal is within arm’s reach between now and the end of March. With the European elections just a few months away, our citizens would find it incomprehensible if we gave up on this”.
 
Last month, the European Union’s Finance Ministers did not manage to arrive at a mutual agreement on digital revenues, even though there was a “last-minute” attempt made by France and Germany through their collaborated plan of salvaging the proposals, as they narrowed down its scope on “companies such as Google (GOOGL.O) and Facebook (FB.O)”, reported Reuters.
 
 
References:
reuters.com







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