Tax & Spend
France Says EU Must Prepare Digital Tax as Global Deal Blocked
- Le Maire says US, Saudi Arabia could block implementation
- US, Europe have clashed over digital tax and OECD deal
Bruno Le Maire
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
French Finance Minister Bruno Le Maire said Europe should prepare levies on multinational tech firms because a global deal to overhaul taxation rules is being “blocked.”
Speaking before this week’s meeting of Group of 20 finance chiefs, Le Maire said the US, Saudi Arabia and India are complicating implementation of the 2021 pact.