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December 16
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France plans to introduce its own tax for digital giants in 2019 if the European Union fails to agree on a unified plan for the GAFA group (Google, Apple, Facebook and Amazon), RFI reported.

France's Finance Minister Bruno Le Maire told France 2 television on Thursday that he would give himself "until March" to reach a deal with other EU members on a digital tax.

France had been hoping to reach an agreement on the issue by 31 December.

"I'm not letting anyone get away", said Le Maire.

"The money is with the internet giants who make considerable profits thanks to French consumers. They [the companies] pay 14 points less on the income tax scale than other small and medium companies."

On Tuesday, at an EU finance ministers meeting in Brussels, France and Germany agreed on a scaled-back version of the tax in a bid to overcome significant opposition to the plan among some of their EU neighbours.

European tax rules require unanimous backing by all EU members.

Under the new plan, presented as an interim solution while waiting for a global deal brokered by the OECD, digital giants would pay a three-percent levy on online advertising sales.

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