European Union Digital Tax Proposal

The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation.

The European Union should push ahead with its own digital tax in the first quarter of 2021 if broader efforts to find an international solution do not bring a breakthrough this year, the French finance minister said on Friday.

Finance Minister Bruno Le Maire on Thursday said France will tax digital giants at a national level from 2019 if European Union states cannot reach an agreement on a tax on digital revenues for the bloc.

The European Union's executive arm proposed a 3 percent tax on big digital firms' online revenues in March.

In March, the European Union's executive arm proposed a 3 percent tax on big digital firms' online revenues.

Paris has been urging its European Union partners to impose a new tax to ensure that global tech platforms like Facebook and Google pay their fair share.

The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation.

The European Union should push ahead with its own digital tax in the first quarter of 2021 if broader efforts to find an international solution do not bring a breakthrough this year, the French finance minister said on Friday.

Finance Minister Bruno Le Maire on Thursday said France will tax digital giants at a national level from 2019 if European Union states cannot reach an agreement on a tax on digital revenues for the bloc.

The European Union's executive arm proposed a 3 percent tax on big digital firms' online revenues in March.

In March, the European Union's executive arm proposed a 3 percent tax on big digital firms' online revenues.

Paris has been urging its European Union partners to impose a new tax to ensure that global tech platforms like Facebook and Google pay their fair share.