PARIS: French President Emmanuel Macron said on Wednesday U.S. tech giants paid unfairly low taxes, failing to contribute to the common good, and urged Washington to help reform the global corporate tax code.
"The big digital players are not contributing to the common good," Macron told reporters days ahead of a G7 summit in France."I don't agree with this system, I don't think it's a good one, including for American workers."Internet giants such as Facebook, Alphabet's Google and Amazon are currently able to book profits in low-tax countries like Ireland and Luxembourg, no matter where the revenue originates.
Macron says taxing big tech more heavily is a matter of social justice and is pressing for a universal tax code for digital services. France's parliament in July approved a 3per cent levy on the revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macron presses Putin for Ukraine progress ahead of G7French President Emmanuel Macron on Monday hosts Vladimir Putin for a rare bilateral visit by the Russian strongman to a major EU power, seeking to press the Kremlin to help end the conflict in Ukraine. The relationship between a youthful French leader who regards himself as a champion of European liberalism
Source: YahooSG - 🏆 3. / 71 Read more »
Stephens splits with coach Groeneveld ahead of US OpenAmerican Sloane Stephens has parted ways with her coach Sven Groeneveld less than a week before the U.S. Open gets underway, the former champion ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tennis: Stephens splits with coach Groeneveld ahead of US OpenAmerican Sloane Stephens has parted ways with her coach Sven Groeneveld less than a week before the US Open gets underway, the former champion has ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US ports brace for surge of imports ahead of new tariffs on China[NEW YORK] The latest lurches in President Donald Trump's trade war with China set the stage for a potential repeat of late 2018 when goods flooded into America's ports to beat new tariffs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares fall 0.4% on Wednesday ahead of Fed's July minutesWEDNESDAY'S Asian session typified one lacking market catalysts as investors preferred to stay on the sidelines ahead of the release of minutes from the US Federal Reserve's July meeting and its chairman Jerome Powell's Jackson Hole speech later in the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Go-Jek gets go-ahead to offer motorbike-hailing in Malaysia, says ministerPUTRAJAYA: The Malaysian Cabinet has given the green light for Go-Jek to offer motorcycle ride-hailing services in the country, Entrepreneur ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »