G20: the debate about tax for Internet giants

After the Failure of the EU compromise to the digital tax in France keep up the pressure on the international level. At the G20 Meeting in Japan, criticized the US Treasury Secretary Mnuchin, the French scamper.

France calls for taxation of Internet companies, more pace from the other major countries. "We must hurry," said the French Finance Minister Bruno Le Maire during a Meeting of the 20 most important industrialised and emerging countries (G20) in the Japanese Fukuoka.

Hopefully, there could be still this year a solution at the international level. It is a minimum taxation of globally active companies, as well as a new type, how the activities of Internet companies would be taxed, the offer often services free of charge, but with the data of the clients of other money earned. Efforts to introduce an EU-wide digital tax, however, failed so far.

France dashes ahead

France wants to raise, therefore, a three percent tax on Internet sales. This is intended to annually bring in 500 million Euro. Le Maire said that France will give up the exceptionalism, as soon as there is an international understanding. This requires first and foremost a compromise with the United States. Because that is where the major Internet companies have their headquarters.

US-Finance Minister Steven Mnuchin said in Fukuoka, he had problems with the French approach. "I don't like that." He the need to underline, however, quickly to solutions. It had to be a consensus to do so. Le Maire wants to find at first at the level of the seven main industrial countries, and thus, together with the United States, as a prerequisite for a global understanding.

More:

IMF: Germany should spend more, 13.04.2019 compromise on the EU digital tax failed, 12.03.2019 news Atlas |Japan |Fukuoka

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