Call for US giants to pay their fair share of taxes

TIME HAS come for the EU to make multinationals, such as US giants Amazon, Facebook and Google, pay their fair share of taxes, the French finance minister said yesterday. “I can tell you that the times we live in are not for the weak,” Bruno Le Maire told a conference in the southern French city of Aix-enProvence where many French and international executives gather every year. “Since we have to deal with Mr Putin, Mr Trump or Mr Erdogan, it’s time for Europe to pull itself together and defend its own interests, to make Google, Amazon and Facebook pay the taxes they owe in Europe,” he said. US companies such as Apple and Starbucks that were recently ordered by the European Commission (EC) to pay back taxes to EU countries have challenged their rulings. Le Maire’s comments come after the head of the EC, Jean-Claude Juncker, said the EU would respond if the US imposed punitive tariffs on steel. – Reuters