7/21/2020, 9:04 PM (Source: TeleTrader)
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Macron wants EU to apply digital taxes on Big Tech

French President Emmanuel Macron stated on Tuesday he is in favor of imposing digital taxes on multinational tech companies that do business within the European Union borders.

Speaking to TF1, Macron said he sees the taxes as one of the ways to finance the EU's €750 billion coronavirus recovery fund, adding the "Big Tech players" are not "examined enough."

Earlier this year, it was reported that Macron agreed with United States President Donald Trump to postpone digital tax talks until 2021. The US decided to suspend the negotiations in the meantime, threatening to impose retaliatory measures against the bloc. French Finance Minister Bruno Le Maire subsequently commented the plans to introduce digital taxes remain despite Washington's threats.

Breaking the News / JR