French Finance Minister Likes American Shift On Big Tech Taxes

Bruno Le Maire, the finance minister of France, embraced the support of the Biden administration on a potential international tax on Big Tech, CNBC reported.

“I think it is very good news that the new Secretary for the Treasury Janet Yellen just explained that she was open about the idea of thinking about a new international taxation with the two pillars: first of all, digital taxation and, of course, also a minimum taxation on corporate tax,” Le Maire said at the Davos Agenda summit through video conference, per CNBC.

The news comes as Yellen expressed her backing of pleas for technology firms to pay a greater share of their sales in the nations where they work. Former President Donald Trump was against the potential tax plans, contending that they discriminated against US companies.