EU Plans to Tax 2%-6% of Tech Giants' Sales, Le Maire Tells JDD

The European Union will unveil a directive within weeks on taxing between 2 percent and 6 percent of big technology companies’ revenue, French economy minister Bruno Le Maire said in an interview with the weekly newspaper Journal du Dimanche.

"It will be closer to 2 percent than 6 percent," Le Maire told the paper, saying the EU directive is a starting point that will be refined. "I prefer an applicable text very quickly rather than endless negotiations," he said.