After global big tech tax fails, France looks to EU for help

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The French Finance Minister is bringing the battle for a digital tax to the EU, since countries like India and the US have blocked the global deal.

According to a report from Bloomberg, French Finance Minister Le Maire claims that the US, Saudi Arabia, and India have blocked the OECD’s proposed tax deal. This has led to the Finance Minister calling on the EU to take charge.

“We’ll call for the situation on Pillar One to be unblocked, but the chances of success are slim,” Le Maire said Monday. “This calls for a digital tax to be extended to a European level as soon as possible.”

Talks of a digital tax have been going in some form or another since 2018. France wanted to tax Google, Apple, Facebook, and Amazon in order to close loopholes used by the companies, but it was ultimately put off during trade negotiations with the US in 2020.

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