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France and Germany are studying laws to make Apple (and others) pay their taxes in each European country

Klovovi

Apparently the governments of France and Germany are working together to legislate with the intention that Apple and other companies pay their taxes in each European country .

France and Germany are studying laws to make Apple (and others) pay their taxes in each European country
France and Germany are studying laws to make Apple (and others) pay their taxes in each European country

Many technologies do so taking advantage of legal holes in the European Union : all the real profits made in each country of the Union are taxed in Ireland, where taxes are lowest. Now, after the $13 billion fine imposed on Apple, France and Germany are looking for a way to get their share of the pie.

Bruno Le Maire, the French finance minister, is leading this effort. And for him it is simple: the efforts being made at the Community level are not enough and each country has to get its act together if it wants to get the big American technologies to pay taxes in each European country.

Fortune also comments that this is part of an initiative by Emmanuel Macron, the new president of France, who wants to find ways to compete with countries that have lower taxes. Le Maire will present a “simplification” of European legislation on the subject on the occasion of a meeting to be held in mid-September in Talinn, Estonia. We will hear much more about this when the time comes, because companies like Google, Facebook or Amazon would also be affected.

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