europe must claim tax due from us giants
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Europe must claim tax due from US giants

Arab Today, arab today

Arab Today, arab today Europe must claim tax due from US giants

French Economy Minister Bruno Le Maire
Aix-en-Provence (France) - AFP

France's finance minister urged his European counterparts Sunday to do more to chase down tax due from the European operations of US tech giants such as Google, Amazon and Facebook.

Bruno Le Maire's comments addressed an issue which has aroused fierce controversy: the complex tax arrangements of multinational corporations under fire for slashing European tax bills by shifting revenue across borders.

"I have just come back from the G20 meeting in Hamburg and I can tell you that the present age is not one for the weak," Le Maire told an economic symposium in the southern French city of Aix-en-Provence.

"When you are opposite (Russian President Vladimir) Putin, opposite (US President Donald) Trump or next to (Turkish President Recep Tayyip) Erdogan, then it is time Europe got a grip and defended its interests, making  Google, Amazon and Facebook pay the taxes they owe European taxpayers," said Le Maire to loud applause.

France had web search behemoth Google in its sights for years and fiscal authorities last month issued a consultative judgment pending a final ruling later this month that Google should not be let off the hook for a 1.115 billion euro ($1.3 billion) claim. 

In May, Google agreed to pay 306 million euros to settle a tax dispute in Italy, where it was under criminal investigation for booking 2009-2013 profits generated in the country in Ireland.

That move echoed a similar settlement with Apple two years ago.

Apart from the tax focus, Brussels last month hit Google with a record 2.4-billion-euro fine for illegally favouring its shopping service in search results, in a fresh assault on US firms that risks the wrath of President Trump.

arabstoday
arabstoday

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*

europe must claim tax due from us giants europe must claim tax due from us giants

 



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*

europe must claim tax due from us giants europe must claim tax due from us giants

 



GMT 20:38 2018 Sunday ,25 November

Omoush meets Chargé d'Affaires at the U.S. Embassy

GMT 03:16 2017 Saturday ,16 December

UNESCO thanks Kuwait for support with Syrian refugees

GMT 02:15 2017 Sunday ,10 September

Yemen records 500,000 cholera cases

GMT 21:27 2017 Wednesday ,10 May

2 Afghans killed, injured in rocket attack

GMT 06:10 2017 Sunday ,24 December

Shami returns to India's ODI squad

GMT 11:03 2016 Saturday ,03 December

Conte warns Chelsea to fear old boy De Bruyne

GMT 18:41 2016 Friday ,05 August

Venezuela Prison Blast Kills 5, Wounds 30

GMT 13:47 2017 Sunday ,10 December

Bahrain Bourse daily trading performance

GMT 06:12 2011 Thursday ,24 March

Curfew further relaxed in Bahrain
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday