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 11:06 2015 Monday ,23 November

6 Sudanese found shot dead near Egypt-Israel border

GMT 17:06 2017 Tuesday ,24 January

Lavrov Stresses Importance of Astana Talks

GMT 06:14 2017 Monday ,25 September

D'Ambrosio saves Inter, AC Milan crash in Serie A

GMT 06:13 2017 Thursday ,28 December

US consumer confidence dampens in December

GMT 16:00 2017 Wednesday ,08 February

Kuwait hails Iran's readiness for dialogue with GCC

GMT 12:02 2017 Thursday ,02 February

LatAm needs to redouble efforts to reduce hunger

GMT 19:25 2017 Tuesday ,07 March

Morocco Takes Lead in Fighting Jihadist Terrorism

GMT 07:33 2017 Saturday ,11 February

Daesh shifts to desert valleys after Sirte defeat

GMT 07:46 2017 Saturday ,18 November

Saudi Arabia recalls its ambassador from Germany

GMT 20:49 2017 Tuesday ,26 September

Trump says Spain should remain united

GMT 19:54 2017 Saturday ,24 June

May’s Brexit rights offer disappoints EU leaders

GMT 00:10 2017 Saturday ,04 March

Mall of the Emirates offers nine Tesla chargers

GMT 22:40 2017 Friday ,24 November

Govt further strengthen Khatam-i-Nabuwat law: Ahsan

GMT 16:17 2018 Saturday ,08 September

1,000-year-old mosque discovered in UAE

GMT 08:57 2013 Tuesday ,16 July

Tourists flock to Kashmir valley in rare boom

GMT 13:46 2017 Friday ,20 January

Completion of project funded by Japan

GMT 01:53 2017 Saturday ,11 March

After 8 years, Lebanon gets new army chief

GMT 09:17 2018 Wednesday ,03 January

Introducing the Lamborghini URUS

GMT 10:25 2015 Sunday ,23 August

Britain reopens embassy in Tehran

GMT 12:35 2017 Wednesday ,08 March

UAE Minister of Interior Leaves Doha

GMT 00:22 2017 Friday ,22 December

EU seeks 'urgent' response
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 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

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