Countries should be able to tax a quarter of big multinationals' profits no matter where they are earned, France proposed on Saturday (10 July) at a G20 finance ministers meeting focused on overhauling the rules for cross-border corporate taxation.
"We were a start-up nation, we are going to become a nation of large technology companies," Economy Minister Bruno le Maire told a conference on Monday (7 June), adding that “France has a vocation to be one of the nations writing the 21st century”. EURACTIV France reports.
Finance ministers of Germany, France, Italy, and Spain urged member states on Wednesday (28 April) to submit their recovery plans and pressed the European Commission to speed up the assessment of the investment and reform proposals.
French Economy Minister Bruno Le Maire and German Finance Minister Olaf Scholz unveiled their national recovery and resilience plan at a joint press conference Tuesday (27 April) ahead of the indicative 30 April deadline set by the European Commission.
In an email to French and Spanish advertisers last week, Google announced a 3% increase in advertising rates on its platform from May, to cover what has been termed the 'GAFA tax' in force in both countries. EURACTIV France reports.
The European Union and its member states should draw the consequences of the current stalemate in multilateral talks aimed at reforming the Energy Charter Treaty and consider a coordinated withdrawal, Paris has said in a letter seen by EURACTIV.
France confirmed on Wednesday it will levy its tax on digital giants for 2020, following a warning by Economy Minister Bruno Le Maire in October that it would do so. With this decision, however, it risks US countermeasures at a time when it is scrambling for public money amid a devastating pandemic. EURACTIV's partner Ouest-France reports.
French President Emmanuel Macron defended 5G technology in his speech to a French startup gathering on Monday (14 September), providing a clear answer to a moratorium on the rollout of the super-fast broadband network wanted by leftist and green parties.
The finance ministers of France, Germany, Italy, the Netherlands and Spain called on the European Commission to include “strong rules” in its upcoming cryptocurrency proposal, in particular for global digital tokens like Facebook’s Libra.
Finance Minister and Vice Chancellor Olaf Scholz (SPD) and his French counterpart Bruno Le Maire (LREM) are confident that the current OECD negotiations on international tax systems will be concluded by the end of 2020. EURACTIV Germany reports.
France and the US locked horns Thursday (18 June) over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.
The French government on Tuesday (9 June) lifted the lid on a €15 billion support package for its lucrative but embattled aerospace sector. The scheme involves a €500 million investment fund for smaller companies and a plan to debut a carbon-neutral plane by 2035.
France and Germany’s ambitious bid to create a European cloud data infrastructure to stave off US and Chinese competitors was launched on Thursday (4 June), as Ministers Bruno Le Maire and Peter Altmaier revealed more on their landmark Gaia-X project.
France will tax big digital businesses this year whether there is progress or not towards an international deal on a levy, its finance minister said on Thursday (13 May), adding such a tax had never been more legitimate or more necessary.
France’s state-owned rail company has suffered losses of €2 billion because of the coronavirus outbreak and may need government aid in order to stave off job cuts. An already-agreed bailout for the aviation industry could end up boosting demand.
The French government intends to prohibit the payment of dividends to companies receiving state funding. While this would remain a partial ban, many are eager to see it become generalised in the context of the health and economic crisis. EURACTIV France reports.
The financial crisis management tool of the eurozone countries must be activated without delay and without conditions, said French Economy Minister Bruno Le Maire before the Eurogroup meeting on Tuesday (24 March). EURACTIV France reports.
In France, the coronavirus crisis has put the agricultural sector back in the spotlight as concerns persist about the transport of food and seasonal shortages of farm labourers. EURACTIV France reports.
To cushion the economic impact of the coronavirus, French Economy Minister Bruno Le Maire has announced a series of measures to support businesses, including "nationalisation". EURACTIV France reports.
France's finance minister said Tuesday (17 March) that he was willing to nationalise large companies to protect them from bankruptcy, while warning that the country faces recession this year as the coronavirus epidemic sinks the economy.