No global digital tax by end of 2020 would mean chaos, France says
Failure to reach a global deal on where and how much to tax digital giants such as Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's finance minister said on Sunday. It would also likely trigger U.S. ...
The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the IMF warned Sunday, as G20 financial chiefs discussed ways to contain its economic ripple effects. Global growth was poised for a modest rebound to 3.3 percent this year, up from ...
France and U.S. agree to extend talks over tech tax
Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on tech titans to the end of the year, postponing Washington's threat of sanctions, French officials said Tuesday. French Finance Minister Bruno Le Maire, speaking before a ...
Paris and Washington have set a two-week deadline to end a row over a French proposal to tax multinational tech giants, French Finance Minister Bruno Le Maire said Tuesday. President Donald Trump last month unveiled sky-high retaliatory duties on $2.4 billion of French products from ...
France warns it will block development of Facebook Libra in Europe
France warned Thursday it will block development of Facebook Inc.'s planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments. "I want to be absolutely clear: In these conditions, we cannot authorize the development of Libra on European soil," Bruno Le Maire ...
METI chief and French counterpart affirm support for Nissan-Renault amid rapid industry changes
The Japanese and French economy ministers agreed Monday to support the alliance between Nissan Motor Co. and Renault SA in its bid to improve competitiveness in an auto industry rapidly shifting to electrified and self-driving vehicles, the Ministry of Economy, Trade and Industry said. The ...
France pledges to fight for plant where GE plans 1,044 job cuts
French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co. (GE) factory in eastern France where more than 1,000 posts are threatened. GE earlier on Tuesday said it was considering ways to cut costs and ...
France uses Group of Seven presidency to issue sobering message urging a revamp of capitalism
France is sounding an alarm for the world's advanced economies: Capitalism is tearing them apart. President Emmanuel Macron and his Finance Minister Bruno Le Maire are using France's presidency of the Group of Seven to argue that the system fuels inequality, destroys the planet and ...
French 3% tax on internet giants could yield €500 million yearly, says finance minister Le Maire
A 3 percent tax on the French revenue of large internet companies could yield €500 million per year, French Finance Minister Bruno Le Maire said on Sunday. Le Maire told Le Parisien newspaper the tax is aimed at companies with worldwide digital revenue of at ...
France downplays Renault-Nissan merger idea amid tensions over lopsided alliance built by Ghosn
France’s finance minister says there is no plan to remodel the alliance between Renault SA and Nissan Motor Co., despite reports to the contrary.
France presses Renault over executive compensation paid via Dutch holding firm
The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday. Le Maire made the demand after France's CGT trade Union ...
