France pledges to head digital tax in 2020 | The Canberra Times


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France will go ahead with plans to apply a tax on digital businesses this year, whether or not there is an international agreement on the matter, said Finance Minister Bruno Le Maire. “Never has a digital tax been more legitimate,” said Le Maire, echoing comments he had made earlier that the coronavirus crisis had made these levies more relevant than ever. Nearly 140 countries are negotiating the first major rewrite of international tax rules in more than a generation, to better take into account the rise of large technology companies that often make profits in low-tax countries. However, the fallout from the coronavirus epidemic has left finance ministries more focused on saving their savings than revising obsolete tax rules, making an end-of-year delay more and more unlikely to conclude. the talks. Australian Associated Press


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