The United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday (18 October), despite threats of retaliation, with Airbus, French wine and Scottish whiskies among the high-profile targets.
France will cut taxes by more than €10 billion next year and Germany should follow Paris' footsteps with fiscal stimulus to revive its flagging economy, France's finance minister said on Thursday (26 September).
Paris and Berlin are sticking together in the face of the American trade threat. Both countries want to do everything possible to avoid the introduction of new customs duties between Europe and the US. EURACTIV France reports.
Revenue sharing among member states appears as the main outstanding issue to reach an agreement on the financial transaction tax (FTT), as Spain is still opposing the mutualisation of the resources, European officials told EURACTIV.
French finance minister Bruno Le Maire is determined to chair an “efficient” meeting with his colleagues of the G7 countries on Wednesday and Thursday. His goal is no less than to refound capitalism. As a first step, he wants to reach an agreement on the main features of digital tax, to pave the way for an international compromise by early next year.
French Parliamentarians today voted to approve plans that would see a 3% levy imposed on any digital company with revenues of more than €750 million, with €25m of that figure being generated in France. The green light came after some heavy pressure from US counterparts who attempted to sway the French.
US President Donald Trump has ordered an investigation into France's digital tax plans, which may result in retaliatory tariffs or trade restrictions, should the outcome of the probe identify unfair or discriminatory practices.
EU finance ministers failed to reach an agreement in the early hours of Friday (14 June) on an anti-shock instrument to shield the euro, as they continued to clash over almost every feature on the agenda, including the source of funding.
French Finance Minister Bruno Le Maire said on Thursday (13 June) that a Fiat Chrysler-Renault merger remained an “interesting opportunity” but added he would tell the French carmaker’s chairman that strengthening the Renault-Nissan alliance is the priority.
Fiat-Chrysler's (FCA) $35 billion-plus merger offer to Renault fell apart only 10 days after being made public, with both companies' shares falling sharply in early trading on Thursday (6 June). FCA blamed French politicians for the collapse.
Politicians from Europe's mainstream parties called on voters to stand against the far right, after a video sting brought down the leader of Austria's Freedom Party (FPÖ), hurting the momentum of nationalists days before a European parliamentary election.
France and Germany launched an Airbus-style €6 billion foray into the battery-building business on Thursday (2 May), as the EU's attempts to corner a slice of a growing global market started to pay off.
Danish Commissioner Vestager, centrist figurehead and part of French Macronists' future family in the European Parliament, does not have support from the French government for fear she will stand in the way of French candidate Michel Barnier. EURACTIV France reports.
The Netherlands announced on Tuesday (26 February) the surprise purchase of a stake in Air France-KLM, saying it needed to protect Dutch interests after a series of rows about the alliance's management.
Less than two weeks after the European Commission blocked the merger of Siemens and Alstom, France and Germany published a joint industrial manifesto on Tuesday (19 February) calling for the EU merger rules to be changed.
Following the rejection of the Alstom-Siemens merger, France and Germany are working on a review of the EU’s competition rules to create European champions capable of competing with US and Chinese multinationals.
French Minister of Economy and Finance Bruno Le Maire wants to introduce legislation to ensure that heads of large French businesses living abroad pay more taxes in France. EURACTIV France’s partner La Tribune reports.
Renewed plans to roll out an EU-wide digital services tax may be back on the cards and could be agreed by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday (20 January).
2019 is likely to prove the dawn of a 'Techno-ethics' in which consumers will expect their rights to be respected in the digital realm as they are in everyday life and legislators will oblige tech giants to play by the same rules as the wider industry.
France is to join a growing list of member states setting out their own plans for a digital tax, after the country's Finance Minister Bruno Le Maire announced on Monday (17 December) that new French laws for the taxation of digital giants would come into effect from 1 January 2019.
France and Germany presented on Tuesday (4 December) revised plans for the EU's proposed digital tax reforms under which large firms would pay a levy only on advertising sales and not on total revenues, representing a significant reduction of the Commission's original scope.
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