Monday 18 June 2018

France-led drive for more tax on internet giants stalls

French president Emmanuel Macron has spearheaded the drive to make internet companies pay more tax in the countries where they make the most money (AP)
French president Emmanuel Macron has spearheaded the drive to make internet companies pay more tax in the countries where they make the most money (AP)

France's drive to force internet giants to pay more taxes is losing steam, amid resistance from other EU countries which offer tax shelter to companies like Apple.

Under pressure from Ireland, Luxembourg and the UK, EU leaders in Brussels stopped short of calling for a Europe-wide policy for digital multinationals.

The EU's 28 leaders agreed to push for "an effective and fair taxation system fit for the digital era", but said it should be an international system, not just European.

Irish prime minister Leo Varadkar said he helped convince EU partners that "we shouldn't disadvantage ourselves in terms of other countries" outside Europe.

French president Emmanuel Macron has led the tax charge, arguing it is not fair that internet companies do not pay taxes where they make most of their money.

Press Association

Today's news headlines, directly to your inbox every morning.

Editors Choice

Also in World News