France and the United States hammer out a draft agreement on French digital tax

U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…

5G participation will be based on technology and strategic national security interests: Le Maire

France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…

Germany and France present joint manifesto on industrial policy

The aim is to provide a supporting hand to local manufacturing and boost their growth, including the production of cells for electric vehicles. In a significant development, France and Germany agreed on a joint manifesto for a new industrial policy in Europe to help support local companies to better compete with rivals, including foreign ones,…

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…

No new taxes to be introduced in France upto 2022: French Finance Minister Bruno Le Maire

French President Emmanuel Macron is on target to meet the euro zone’s public sector deficit target of below 3% of France’s GDP. On Friday, French finance minister Bruno Le Maire stated that he will not introduce any new taxes during the French President Emmanuel Macron’s five-year mandate which runs upto 2022. The sizable housing tax,…