France aiming to introduce digital taxes for big internet firms by December 2018

French Finance Minister Bruno Le Maire is pushing for the deal so as to retain earnings of large tech companies who use clever strategies and tax loopholes to evade taxes.

On Monday, French Finance Minister Bruno Le Maire stated, the European Union plans on introducing digital taxes for large internet firms such as Google and Facebook.

Despite representations made by several EU governments such a plan is closed to being signed into law.

“We are close to having a deal in our hands,” said Le Maire to France Inter radio. He said, he was confident that the German government would play a constructive role and help France reach an agreement with other member states of the EU.

Although Germany has backed the plan, it is pushing for some tweaks.

France aims to strike a deal by December.

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