France and Germany plan to issue a new proposal to tax internet giants so that they pay a "fair contribution" in every country where they earn money, French finance minister Bruno Le Maire said on Sunday. "We will unveil a new plan along with our German partners at the next finance ministers' meeting in Tallinn in mid-September" for taxing technology giants including Google, Apple, Facebook and Amazon, Le Maire said in a Facebook Live chat. "For now, these talks have stalled," Le Maire said. The internet companies have come under fire in Europe for using complex fiscal arrangements to declare profits in countries with the lowest tax rates, even when they are earned elsewhere in the bloc. French President Emmanuel Macron promised to get tough on US internet giants during his election campaign, seeing their low tax rates as a source of resentment about globalization and as unfair for European companies.

Source: The Local August 28, 2017 06:56 UTC