Big EU countries have become increasingly frustrated that internet giants such as Amazon, Apple, Facebook and Google escape paying a fair tax by basing their operations in lower-tax EU states such as Ireland and Luxembourg. That huge companies, huge internet companies are not paying a fair contribution to Europe." Le Maire said this reform would ensure that internet giants pay tax where they earn revenue, instead of on profits booked in their EU member state headquarters of choice. It is to tax the turnover at member state level of the largest internet companies," he said. "Of course we welcome these companies in France and in Europe," he said.

Source: The Local September 15, 2017 16:30 UTC