France and Germany want Apple and Google to pay their taxes

EU logoFrance and Germany are looking to make major tech companies like Google, Apple, Facebook and Amazon begin paying their fair share of taxes. The move comes as many European leaders have expressed frustration at how these companies focus their profits and costs in countries that tax them at the lowest rates. "Europe must learn to defend its economic interest much more firmly -- China does it, the U.S. does it," French Finance Minister Bruno Le Maire told Bloomberg. "You cannot take the benefit of doing business in France or in Europe without paying the taxes that other companies -- French or European companies -- are paying."

Taxes have been an ongoing issue in Europe when it comes to these companies. Because countries like Ireland and Luxembourg have set attractively low corporate tax rates, major companies have tended to establish their European headquarters there and take advantage of loopholes that allow them to minimize the amount of taxes they pay elsewhere in Europe. But that hasn't stopped countries like France, Italy and the UK from seeking what they feel is owed to them. Last year, the European Commission ordered Apple to pay billions of dollars in back taxes.

France and Germany want Apple and Google to pay their taxes

Germany and France discussed these corporate tax problems last month and French officials plan to propose new tax regulations for tech companies at an EU meeting in September. President Emmanuel Macron has set out to lower French corporate taxes to 25 percent within five years and is urging other EU member states to align theirs with France's and Germany's rates. Le Maire believes that if France and Germany set their rates together, other EU states will follow suit. He said France was making "a considerable effort." "We're asking other member states of the euro zone to make a similar effort in the other direction."

Source: Engadget

Tags: Apple, Facebook, Google

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (15)