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About: http://data.cimple.eu/news-article/e1d3d3b6b861b62743470e46f321add497a9332fde68007bac4aa2f5 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	EU finance ministers were under pressure from France to impose a digital tax in Europe, with international talks involving the United States bogged down. Nearly 140 countries are trying to negotiate new norms for taxing tech giants like Google or Facebook, which under current rules easily shift revenue to countries with lower tax rates. French Finance Minister Bruno Le Maire doubts that discussions at the Organisation for Economic Co-operation and Development (OECD) will succeed and wants the EU to draw up its own. "The only winners of the economic crisis are the digital giants," Le Maire said at a meeting of EU finance ministers in Berlin. If, he said, an OECD agreement is impossible by the end of the year, "we should have by the beginning of next year, 2021, a European solution for digital taxation." This would follow a failed effort in 2018 to agree an EU tax, that was vetoed by Ireland and Nordic countries that are reluctant to give the bloc new powers over taxation. Ireland is also the low tax hub in Europe for many of the big tech's giants -- including Facebook, Google and Apple. Under renewed pressure to lift the veto, Irish Finance Minister Paschal Donohoe said he would "carefully" look at any proposal for an EU digital tax put forward by the European Commission, the EU's executive arm. "I accept that the way in which the taxation of very large companies, in particular digital companies, does need to change," said Donohoe, who is also head of the Eurogroup of eurozone finance ministers. Already France, Britain, Spain, Italy and others have imposed taxes on the largest digital companies but officials in Washington say this amounts to discrimination against US firms. The US continues to oppose ideas put forward at the OECD, but German Finance Minister Olaf Scholz has he was confident an international blueprint could be agreed later this year. Germany has also been reticent about an EU digital tax and has asked to first try to find an international solution within the OECD. arp/dc/wai
schema:headline	EU mulls digital tax under pressure from France
schema:mentions	Digital media Nordic countries Bruno Le Maire Eurozone Big Four tech companies European Commission Finance minister Olaf Scholz Impose (magazine) Ireland Berlin Apple Inc. Spain OECD George Washington Google Germany Italy European Union Facebook United States Pope Paschal II Eurogroup Anti-Revolutionary Party United Nations Security Council veto power French Third Republic
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	81 (xsd:integer)

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