OECD Digital Tax Fix Must Capture Value of Data, Le Maire Says (1)

France will only replace its national digital tax with an OECD solution if the global version also taxes the profits companies make from data, the finance minister said.

“There is really a clear commitment from France that as soon as there is a solution at the OECD level, we will get rid of the national solution,” Bruno Le Maire, the French finance minister, told Bloomberg Tax April 12.

“I just want to make clear that it must be a taxation on digital activities,” he said. “I mean on profits made on data. So there are many technical options, but ...