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.
While the European Commission presented its digital strategy last week, France's economy and finance ministry brought together around a hundred experts on Monday (24 February) in an attempt to sketch out ways of regulating online platforms. EURACTIV's partner La Tribune reports.
France’s Finance Minister Bruno Le Maire said on Tuesday (21 January) talks with the United States on the taxation of digital companies “remained difficult” despite a pledge from the two countries to avoid a trade war until at least the end of this year.
France is ready to go to the World Trade Organization to challenge US President Donald Trump's threat to put tariffs on champagne and other French goods in a row over a French tax on internet companies, its finance minister said on Sunday (8 December).
The US government on Monday (2 November) said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm US tech companies.
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