📚 France To Go Ahead With Digital Tax This Year Regardless of Possible International Deal

France will go ahead with its tax on big digital businesses this year whether there is progress or not towards an international deal on the issue, its finance minister said on Thursday. From a report: France offered in January to suspend until the end of the year installments of its tax on big digital companies' income in France while an international deal to re-write the rules of cross-border taxation was negotiated this year. "Never has a digital tax been more legitimate and more necessary," Finance Minister Bruno Le Maire told journalists on a conference call, adding such companies were doing better than most during the coronavirus crisis. Nearly 140 countries are negotiating the first major rewriting of international tax rules in more than a generation, to take better account of the rise of big tech companies that often book profit in low-tax countries.

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