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Photographer: Matthieu Rondel/Bloomberg
Taxes

France Pledges to Remove Digital Tax When OECD Deal Implemented

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  • Le Maire holds out option of legal pledge on canceling tax
  • EU plan for a digital levy compatible with OECD, he tells CNBC

France could make a legal commitment to withdraw its tax on tech giants in order to secure a global agreement to share the rights to capture revenue from the largest multinationals, Finance Minister Bruno Le Maire said.

“As soon as the OECD agreement will be implemented, we will get rid of the French national taxation on digital services,” he said on CNBC on Tuesday. “I’m fully ready to take a legal commitment about that.”