Technology giants must pay a "digital tax" in all countries where they earn money

G7 finance ministers reached an agreement in France with major technology companies such as Google, Amazon, Facebook or Apple pay taxes in countries where they earn moneyeven if they do not have a physical presence in these territories.

The purpose of this call GAFA rate (by Google, Apple, Facebook and Amazon), which France failed to generalize at the beginning of the year for the whole of the European Union despite the strong support of other partners such as Spain, is precisely to put pressure on the international community to establish a common tax base

Another issue on which they also agreed was the need for regulate the emergence of digital currencies, like "Balance" driven by Facebook, in order not to disrupt the international financial system.

The commitment to taxation on technology taxes provides for the development of international rules for pricing new business models, especially those that generate value without physical presence, as happens in many digital companies.

"This is a big step forward for the establishment of a fairer and more effective tax system," said French Minister Bruno Le Maire at a press conference at the press. from the meeting held in Chantilly, north of Paris.

The Mayor felt that it was "an ambitious deal", to the extent that, for the first time, the challenges of the digital economy are taken into account, reported the news agency. EFE.

The agreement implies that there is a minimum level of taxes discourage the possibility of countries embarking on a competition to determine which further reduces taxes in order to attract the companies and investments of digital multinationals.

This issue had generated disagreements between the United States, where most of the major technology platforms are based, and France, which had approved a tax on these companies earlier this month.

The tax is 3% of the sales that generate in the European country, digital companies with incomes above 750 million eurosat least 25 million euros are generated in France.

"We are starting to develop a framework … We firmly believe that this should not be based on digital companies in the United States," said US Treasury Secretary Steven Mnuchin.

Bond managers in the United States, Japan, Germany, the United Kingdom, France, Italy and Canada also closed the ranks around the need to regulate cryptocurrencies, with the case of Balance "rising as an example generates

The Mayor said that the G7 agrees that companies they should not have the same privilege as the nations when creating means of payment but without the control that implies. "We can not accept private companies issuing their own currencies without democratic control," he said.

Leaders of the world's seven most industrialized countries fear that Facebook's ambitions for a digital currency not only weaken their control over monetary and banking policies, but also lead to security risks.