Left Menu
Development News Edition

Macron hopes to convince Germans over EU's digital tax

An EU plan to tax big internet firms like Google and Facebook on their turnover is on the verge of collapsing after several members rejected it and announced national initiatives instead.


Macron hopes to convince Germans over EU's digital tax
"I hope that we can agree on the digital tax with the Germans by December," Macron told Germany's Zeit newsweekly on the sidelines of a speaking engagement on Wednesday. "I'm not going to give up." (Image Credit: Twitter)

French President Emmanuel Macron said he still hopes to persuade Germany to back a European Union-wide digital turnover tax, despite Berlin's preference for a global minimum corporate tax to stop firms shopping around for tax havens.

"I hope that we can agree on the digital tax with the Germans by December," Macron told Germany's Zeit newsweekly on the sidelines of a speaking engagement on Wednesday. "I'm not going to give up."

An EU plan to tax big internet firms like Google and Facebook on their turnover is on the verge of collapsing after several members rejected it and announced national initiatives instead.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

Sharon Choi's potential feature film not based on awards season

Budding filmmaker Sharon Choi, the star interpreter for South Korean director Bong Joon Ho and his Parasite team, says contrary to media reports, her directorial debut will not follow the awards season. Like the film, Choi too became the ce...

Self-reliance in small arms manufacturing fundamentally necessary for India: CISC R Hari Kumar

India needs to be self-reliant in manufacturing small arms, even as the armed forces urgent requirements are being currently met through imports, Vice Admiral R Hari Kumar, Chief of Integrated Defence Staff to the Chairman Chief of Staffs C...

Egyptair to resume flights to China from next week - statement

Egyptair said in a statement on Thursday that it will resume some flights to and from China starting next week.The national airline suspended all flights to China in early February over the coronavirus outbreak. Egyptair has decided to resu...

UPDATE 1-S.Korea's Hynix says 800 workers to stay home after trainee had contact with virus patient

South Korean chipmaker SK Hynix said on Thursday that 800 of its workers had quarantined themselves as a precautionary measure to prevent the spread of the coronavirus, but its production in the city of Icheon has not been affected.The move...

Give Feedback