Displaying items by tag: Bruno Le Maire

The chances that Australia will be able to impose its will on digital giants Google and Facebook, as far as getting them to pay for using news from local outlets goes, appear rather slim, with indications that the US Government may pressure the Coalition to back off.

Predictably, the Federal Government has kicked any decision on the digital platforms inquiry report down the road – to a point in time when it knows whatever it does will not irritate the US Government.

Despite US threats of an inquiry into its actions, France has passed a law to impose a 3% digital services tax on multinational technology companies like Google and Facebook.

France has passed a measure to impose a 3% tax on technology giants like Google, Facebook and Amazon, with the country's lower house of parliament voting to adopt a law that prevents multinationals from avoiding taxes by setting up headquarters in low-taxing EU countries.

Social media giant Facebook has announced it will launch its own cryptocurrency under the name Libra next year through a new subsidiary Calibra which will also supply the digital wallet for the new currency, a move that has been met with criticism from politicians and regulators alike.

French economy minister Bruno Le Maire says the EU has plans to tax big multinational technology companies — like Google, Apple, Facebook and Amazon — between 2% and 6% of their revenue, with the figure being closer to the lower end.