French Finance Minister Bruno Le Marie is to present a proposal for a new way of taxing digital companies at a meeting of EU finance ministers today and tomorrow in the Estonian capital of Tallin.
The proposal is supported by the finance ministers of Germany, Italy and Spain. Along with France, they make up the bulk of the Euro Area economy.
Arriving at the Eurogroup meeting of finance ministers in Tallin today, Mr Le Marie said he will present proposals to ensure internet companies pay "their fair share of tax".
He said he was confident that many other stats would support the plan.
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Mr Le Marie said the plan was part of a push for a new impetus in the management of the European economy from the election of a new French President, Emmanuel Macron, and the new parliamentary mandate from the German elections on Sunday week.
He said the improving European economy also presented a good opportunity for reform, as in times of crisis "it is difficult to think about the future"
Mr Le Marie also said he will explain France's plans to improve competitiveness and boost growth, based around President Macron's first budget.
This aims to cut public spending, cut corporation tax and introduce a flat tax in some area - a new concept in the French tax system.
He also said President Macron's labour reforms were the most wide ranging in many years in France.
Meanwhile, the EU Economics Commissioner Pierre Moscovici told reporters it was important that digital businesses are taxed like other forms of businesses and "pay their fair share".
Welcoming the Franco German digital tax plan, he said it could be achieved within the framework of the Commission's own proposals for a common consolidated corporate tax base (CCCTB) and should be legislated for alongside the CCCTB proposal.
Noting that only the European Commission can propose EU legislation, he said there will be a new paper from the Commission soon which will explore a range of possible tax measures for digital companies that would be compatible with the CCCTB plan.
He said the Commission will publish a paper between now and the Digital Summit being held on September 29, so that EU leaders will have a full range of options before them which they can chose from before instructing the Commission to proceed.
But he stressed the CCCTB was the structural reform "which Europe needs", even though a tax on digital companies could be brought in separately.
Mr Moscovici said the Eurogroup needed to have much stronger democratic accountability. While it made decisions that affected the lives of millions during the crisis, it was not accountable to any elected assembly.
On the topic of a new "Minister for Finance" position for the Eurogroup, Mr Moscovici said a similar role already existed in foreign affairs.
The Vice President of the Commission and high representative of the EU's common foreign and security policy Federico Mogherini already chairs the Foreign Ministers council, and is accountable to the European Parliament.