EU should make Amazon, Facebook, Google pay fair share of taxes: France

Le Maire's comments come after Juncker said EU would respond if US imposed punitive tariffs on steel

(Flags of the countries of the European Union at an input in Europarliament) Image via Shutterstock
(Flags of the countries of the European Union at an input in Europarliament) Image via Shutterstock
Reuters AIX-EN-PROVENCE, France
Last Updated : Jul 09 2017 | 7:21 PM IST

Time has come for the European Union to make multinationals, such as US giants Amazon, Facebook and Google, pay their fair share of taxes, the French finance minister said on Sunday.

"I can tell you that the times we live in are not for the weak," Bruno Le Maire told a conference in the southern French city of Aix-en-Provence where many French and international executives gather every year.

"Since we have to deal with Mr Putin, Mr Trump or Mr Erdogan, it's time for Europe to pull itself together and defend its own interests, to make Google, Amazon and Facebook pay the taxes they owe in Europe," he said.

US companies such as Apple and Starbucks that were recently ordered by the European Commission to pay back taxes to EU countries have challenged their rulings.

Le Maire's comments come after the head of the European Commission, Jean-Claude Juncker, said the EU would respond if the United States imposed punitive tariffs on steel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 09 2017 | 5:51 PM IST

Next Story