FILE PHOTO: france’s President and Emmanuel Macron, waves at reporters at the Elysee Palace in Paris, France, on July 9, 2019. REUTERS/Charles Platiau
PARIS (Reuters) – the President of france Emmanuel Macron said on Wednesday that the US-based tech giants are paid unfairly low taxes, and failing to contribute to the general well-being, and called on Washington to assist in the reform of the overall tax code.
“The big digital players are those that do not contribute to the common good,” Macron told reporters days before the G7 summit in France. “I don’t agree with this system, I don’t think it’s a good one, as is the American blue-collar workers.”
The Internet giants, such as Facebook, Alphabet, Google, and Amazon are currently in a position to book profits in low-tax countries such as Ireland and Luxembourg, where the revenue is coming from.
Macron said, the burden of a large, tech-heavy, it is a matter of social justice, and it is a universal vat services.
France’s parliament in July approved a 3% tax on income from services is earned in France by companies with more than 25 million euros ($27.75 million) to French revenue, and a total of eur 750 million around the world.
Reporting by Michel Rose and Marine Pennetier; Editing by Richard Lough