But French Finance Minister Bruno Le Maire told the broadcaster RMC that the potential loophole would not stand. Le Maire acknowledged there were several obstacles still to overcome before the world could apply the digital tax regime. "Believe me, that's going to be a very different ballgame," Le Maire said. Another was the hope of some European countries to go beyond the 15-percent tax rate, which Le Maire said constituted only a "minimum rate." The final challenge was to make sure that "all digital giants are subject to this tax without exception."

Source: Manila Times June 10, 2021 16:38 UTC