eu puts brakes on macrons google tax push
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

EU puts brakes on Macron's Google tax push

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today EU puts brakes on Macron's Google tax push

French President Emmanuel Macron wants to increase taxes on mega tech firms in the European Union
Brussels - Al Maghrib Today

Several EU nations handed French President Emmanuel Macron a setback on Friday, as leaders said Europe should not go it alone on a new tax on US tech giants.

France has a led a major push to increase taxes in the European Union on mega tech firms such as Google and Facebook, which are accused of booking huge profits while denying state-coffers much-needed money.

But smaller EU member states that serve as low-tax headquarters for the giants insisted that the EU should only approach the issue on a far broader international level.

Ireland and Luxembourg and others fear that by claiming more tax from the likes of Apple and Facebook, without a wider agreement at the OECD level, the highly strategic companies will set up shop elsewhere.

France needs the backing of all EU members to achieve its tax goal which requires unanimity of all 28 states.

"We were succesful in including into the conclusions the concept that any change in taxation of digital companies be done on a global basis," said Irish Prime Minister Leo Varadkar as he arrived for a second day of talks.

"We should have a global level playing field using the OECD and we shouldn't bring in a tax proposal in the European Union that just (pertains) to ourselves in dealing with third countries," he said.

Championed by Macron, France's new tax on digital multinationals would target revenue generated in an EU country, instead of on profits that are booked in a low-tax EU headquarters.

The hope is to have a formal proposal by EU ministers in December, that would become a draft law by the commission, the EU's executive arm, in 2018.

But members of the 35-country OECD, the policy club of industrialised nations, are currently negotiating their own approach to taxing digital companies with hopes for a formal proposal sometime next year.

"We will have a moment of truth next spring", when the OECD proposals are released in April, said Macron after the summit.

"The OECD is a good framework for making progress, but we also have a European strategy to lead," he said.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu puts brakes on macrons google tax push eu puts brakes on macrons google tax push

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu puts brakes on macrons google tax push eu puts brakes on macrons google tax push

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 03:58 2016 Saturday ,30 July

9 killed as building collapses in western India

GMT 09:35 2017 Thursday ,27 April

UAE delegation meet Pope Francis

GMT 12:34 2017 Sunday ,05 February

Footballer hoped to participate in Super match

GMT 10:48 2017 Thursday ,22 June

Combustible cladding found in UK tower blocks

GMT 03:48 2012 Sunday ,15 April

100 years of Santos magic

GMT 00:26 2012 Friday ,13 January

The Road to Tahrir Square

GMT 09:12 2017 Tuesday ,12 December

Ronaldo v Neymar as Real draw PSG

GMT 12:11 2012 Friday ,01 June

We test diet deliveries in Dubai

GMT 14:38 2017 Saturday ,18 November

Year-end top ranking not realistic

GMT 10:10 2015 Thursday ,24 December

Celebrity chefs create gourmet delights

GMT 10:17 2017 Sunday ,13 August

BAB introduces BIBF to its members

GMT 12:01 2013 Saturday ,16 February

Flu outbreaks updated daily

GMT 10:50 2012 Thursday ,14 June

Tamer Hosni to marry a Moroccan girl

GMT 13:17 2012 Wednesday ,04 January

Israel has hindered judicial performance

GMT 00:25 2012 Saturday ,28 January

In the Orchard, the Swallows

GMT 14:02 2013 Friday ,18 January

Sniper kills French journalist in Syria\'s Aleppo

GMT 12:50 2015 Sunday ,27 September

Springbok skipper De Villiers out of World Cup

GMT 23:00 2017 Friday ,24 February

Blast injures woman in Bahrain

GMT 06:02 2016 Saturday ,03 December

Finance minister: India cash crunch to ease by year-end
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday