Finance Minister Bruno Le Maire on Thursday stated France will tax digital giants at a national level from 2019 if European Union states cannot reach an agreement on a tax on digital revenues for the bloc.
EU finance ministers detained to agree on a tax on digital revenues on Tuesday, despite the last minute Franco-German plan to salvage the proposal by narrowing its focus to companies like Google and Facebook.
“I am giving myself until March to reach a deal on a European tax on digital giants,” Le Maire told France 2 television.
“If it doesn’t work out, we will do it at a national level, from 2019,” he added.
The setback in Brussels this week was a blow to French President Emmanuel Macron, whose government has invested considerable political capital in the tax.