France Germany want progress on taxing tech giants
Bruno Le Maire
French Finance Minister Bruno Le Maire  said  he  wanted the EU to adopt new rules on taxing digital companies next year  while in Germany  the two parties seeking to form the next government said they wanted a new Europe-wide corporate tax system to stamp out multinational tax avoidance.
âItâs not possible  not sustainable  that we tax manufacturing industries while billions in profits earned by GAFAs on European soil evaporate â  Le Maire  said  citing an acronym commonly used in Europe top describe tech giants including Google  Apple  Facebook and Amazon.com Inc.
 Le Maire  said countries should not go easy on the tech giants to lure investment.
âKissing the feet of GAFAs wonât ensure our prosperity â  Le Maire  said.
 He  said that the companies should be paying billions of euros annually in EU tax.
âBut we wonât be slowed down or blocked by technicalities â  he  added.
 [TGT] said   [TGT]   wanted the EU to adopt new rules on taxing digital companies next year  while in Germany  the two parties seeking to form the next government said they wanted a new Europe-wide corporate tax system to stamp out multinational tax avoidance.
âItâs not possible  not sustainable  that we tax manufacturing industries while billions in profits earned by GAFAs on European soil evaporate â   [TGT] said  citing an acronym commonly used in Europe top describe tech giants including Google  Apple  Facebook and Amazon.com Inc.
 Le Maire  said countries should not go easy on the tech giants to lure investment.
âKissing the feet of GAFAs wonât ensure our prosperity â   [TGT] said.
  [TGT]   said that the companies should be paying billions of euros annually in EU tax.
âBut we wonât be slowed down or blocked by technicalities â  he  added.