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France, Germany aim to keep digital tax alive

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - France and Germany sought on Tuesday to salvage a proposed EU tax on big digital firms including Google and Facebook by narrowing the focus to cover only companies' online advertising revenue.Eager to break months of deadlock, the two countries' finance ministers put a new proposal to their EU counterparts at a meeting on the issue in Brussels. In March, the European Union's executive arm proposed a 3 percent tax on big digital firms' online revenues, accusing them of funnelling profits through member states with the lowest tax rates to keep their overall tax down.While ...

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First Published: Tue, December 04 2018. 16:28 IST