Franco-German Proposal on Digital Tax Fail to Break Deadlock

EU finance ministers could not come to an agreement on the matter of taxes on digital revenues in a meeting last Tuesday, despite a new proposal by France and Germany which sought to narrow the focus of the tax on companies like Google.

The setback is said to be a blow to France which had already invested considerable political capital in the tax which could have been used as an example of joint European action before EU parliament elections next year.

However, Austrian Finance Minister Hartwig Loeger said that talks will continue, even though the proposal was met with misgivings and outright opposition from at least four other ministers at a meeting in Brussels.

 

Source: Reuters

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