Germany wants binding deal on EU digital tax at December meeting By Reuters

BERLIN (Reuters) – German Finance Minister Olaf Scholz said he favors getting a binding deal on a European Union digital tax at a meeting of EU finance ministers in December and that he supported the French model.

“If the negotiations continue the way that they have been going, we’ll still be in talks in 100 years. That is why I support the French model and want to offer the proceeds to the EU,” news weekly Der Spiegel quoted Scholz on Monday as saying.

There has been discord among European Union member states over a proposed EU plan to tax big internet firms such as Google (NASDAQ:) and Facebook (NASDAQ:) on their turnover.

Germany called this month for a revision of the plan that would exclude from the proposed tax activities linked to carmakers.

French Finance Minister Bruno Le Maire said on Monday that an agreement was close to being struck.

Scholz also said the EU should push ahead with minimum corporate tax rates and effective taxation of digital companies from January 2021 if states fail to reach an international agreement on tax avoidance. “We are in principle in agreement with our French friends on such a two-step strategy,” he said.

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