digital tax

    • EU will retaliate if US imposes tariffs on French wines, Tusk says

      EU will retaliate if US imposes tariffs on French wines, Tusk says

      The European Union will “respond in kind” if the US imposes tariffs on France over digital tax, Donald Tusk, president of the European Council said on Saturday. “If US President Donald Trump uses tariffs for political reasons, it could be dangerous for the whole world, including the EU”, Tusk told reporters during a press conference prior to the G7 summit in Biarritz. “France can count on our EU solidarity”, he stated.

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    • France will introduce a 3% tax on  internet giants

      France will introduce a 3% tax on internet giants

      France's Finance Minister Bruno Le Maire (pictured) on Wednesday presented plans to slap a 3% tax on the French revenues of internet giants like Google, Amazon and Facebook. The proposed bill is an attempt to get around tax avoidance measures by multinationals, which pay most of their taxes in the EU country they are based in, often at very low rates. So the companies pay next to no tax in countries where they have large operations.

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    • New Zealand to hit online giants with digital tax

      New Zealand to hit online giants with digital tax

      New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net. According to Prime Minister Jacinda Ardern the cabinet had agreed to issue a discussion document about how to update the country’s tax framework to ensure multinational companies pay their fair share.

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    • France starts taxing tech giants from 2019

      France starts taxing tech giants from 2019

      France would introduce its own tax on the large internet and technology companies from 1 January, the finance minister Le Maire said today. Ten day earlier the French's govenment warned it would start taxing Google, Apple, Facebook and Amazon, the big US technology companies known as GAFA, if European Union finance ministers failed to agree on a bloc-wide digital tax next year. Le Maire said he hoped the new tax would raise €500 million in 2019.

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    • EU deeply split on digital tax plans

      EU deeply split on digital tax plans

      An EU plan to tax big internet firms like Google and Facebook on their turnover heads to an initial collapse as last Tuesday several EU governments rejected it and announced national initiatives instead, news wires reported. Under a proposal from the Commission in March, EU states would charge a 3% levy on the digital revenues of large firms that are accused of averting tax by routing their profits to the bloc’s low-tax states.

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    • EU ministers battle over digital tax

      EU ministers battle over digital tax

      EU finance ministers battled Saturday in Vienna over a controversial proposal to slap a European tax on US tech giants amid rising worries that it is ineffective and protectionist. Under the proposal from the European Commission in March, EU states would charge a 3 percent levy on digital revenues of large firms like Google and Facebook that are accused of routing their profits to the bloc's low-tax states.

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