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France Hoping For Deal On EU Digital Tax Soon

Monday, January 28, 2019

France's Finance Minister has said that an agreement on an EU-wide digital services tax could be reached by the end of March.

In an interview with the Journal du Dimanche newspaper, Bruno Le Maire said that he is "convinced that a deal is within arm's reach between now and the end of March."

EU finance ministers have so far been unable to reach an agreement on the European Commission's proposed three percent excise tax on turnover from certain online activities.

Austria, the most recent holder of the European Council Presidency, has recommended a compromise scheme under which the EU would target "revenues stemming from the supply of digital services where users contribute significantly to the process of value creation." A separate compromise proposal, put forward by France and Germany in December, would rein in the scope of the measure, focusing instead on online advertising revenue.

"With the European elections just a few months away, our citizens would find it incomprehensible if we gave up on this," Le Maire added.