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France is determined to impose digital tax on tech giants despite U.S. opposition

05 April 2019 11:53 (UTC +04:00)

France will impose digital tax on tech giants, French Finance Minister Bruno Le Maire said on Friday, ONA reports.

"We are determined to implement a tax on the largest digital companies to bring more justice and efficiency to the international tax system", Minister said on Friday.

Le Maire previously stated that the new tax would cover advertising, websites, and the resale of private data.

Note that US Secretary of State Mike Pompeo on Thursday warned France to drop plans for a tax on digital giants such as Facebook and Apple, saying it would hurt American business.

Pompeo raised his objections as he met French Foreign Minister Jean-Yves Le Drian in Washington during 70th anniversary celebrations for the NATO alliance.

"Secretary Pompeo urged France not to approve a digital service tax, which would negatively impact large US technology firms and the French citizens who use them," the State Department said in a statement.

Recall that France last month unveiled draft legislation to set a three percent tax on digital advertising, the sale of personal data and other revenue from any technology company that earns more than 750 million euros ($841 million) worldwide each year.