France, Germany, Italy, Spain seek tax on digital giants' revenuesPARIS (Reuters) - France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive under current international rules.     Currently such companies are often taxed on profits booked by subsidiaries in low-tax countries like Ireland even though the revenue originated from other EU countries.  We should no longer accept that these companies do business in Europe while paying minimal amounts of tax to our treasuries,  the four ministers wrote in a letter seen by Reuters. The letter, signed by French Finance Minister Bruno Le Maire, Wolfgang Schaeuble of Germany, Pier-Carlo Padoan of Italy and Luis de Guindos, was addressed to the EU s Estonian presidency with the bloc s executive Commission in copy. They urged the Commission to come up with a solution creating an  equalization tax  on turnover that would bring taxation to the level of corporate tax in the country where the revenue was earned.  The amounts raised would aim to reflect some of what these companies should be paying in terms of corporate tax,  the ministers said in the letter, first reported on by the Financial Times. Le Maire, Schaeuble, Padoan and de Guindos of Spain said they wanted to present the issue to other EU counterparts at a Sept. 15-16 meeting in Tallinn. The EU s current Estonian presidency has scheduled a discussion at the meeting about the concept of  permanent establishment , with the aim of making it possible to tax firms where they create value, not only where they have their tax residence. France has stepped up pressure for EU tax rules after facing legal setbacks trying to obtain payments for taxes on activities in the country. A French court ruled in July French court ruled that Google, now part of Alphabet Inc, was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes because it had no  permanent establishment  in France and ran its operations there from Ireland.    worldnews
france germany italy spain seek tax digital giants revenuesparis reuters france germany italy spain want digital multinational like amazon google taxed europe based revenues rather profits finance ministers said joint letter france leading push clamp taxation companies found support countries also frustrated low tax receive current international rules currently companies often taxed profits booked subsidiaries countries like ireland even though revenue originated eu countries we longer accept companies business europe paying minimal amounts tax treasures four ministers wrote letter seen reuters the letter signed french finance minister bruno le maire wolfgang schaeuble germany pardon italy luis de guides addressed eu estonia presidency bloc executive commission copy they urged commission come solution creating equalization tax turnover would bring taxation level corporate tax country revenue earned the amounts raised would aim reflect companies paying terms corporate tax ministers said letter first reported financial times le maire schaeuble pardon de guides spain said wanted present issue eu counterparts meeting calling the eu current estonia presidency scheduled discussion meeting concept permanent establishment aim making possible tax firms create value tax residence france stepped pressure eu tax rules facing legal setbacks trying obtain payments taxes activities country a french court ruled july french court ruled google part alphabet inc liable pay billion euros billion back taxes permanent establishment france ran operations ireland worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: France, Germany, Italy, Spain seek tax on digital giants' revenuesPARIS (Reuters) - France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive under current international rules.     Currently such companies are often taxed on profits booked by subsidiaries in low-tax countries like Ireland even though the revenue originated from other EU countries.  We should no longer accept that these companies do business in Europe while paying minimal amounts of tax to our treasuries,  the four ministers wrote in a letter seen by Reuters. The letter, signed by French Finance Minister Bruno Le Maire, Wolfgang Schaeuble of Germany, Pier-Carlo Padoan of Italy and Luis de Guindos, was addressed to the EU s Estonian presidency with the bloc s executive Commission in copy. They urged the Commission to come up with a solution creating an  equalization tax  on turnover that would bring taxation to the level of corporate tax in the country where the revenue was earned.  The amounts raised would aim to reflect some of what these companies should be paying in terms of corporate tax,  the ministers said in the letter, first reported on by the Financial Times. Le Maire, Schaeuble, Padoan and de Guindos of Spain said they wanted to present the issue to other EU counterparts at a Sept. 15-16 meeting in Tallinn. The EU s current Estonian presidency has scheduled a discussion at the meeting about the concept of  permanent establishment , with the aim of making it possible to tax firms where they create value, not only where they have their tax residence. France has stepped up pressure for EU tax rules after facing legal setbacks trying to obtain payments for taxes on activities in the country. A French court ruled in July French court ruled that Google, now part of Alphabet Inc, was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes because it had no  permanent establishment  in France and ran its operations there from Ireland.    worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: france germany italy spain seek tax digital giants revenuesparis reuters france germany italy spain want digital multinational like amazon google taxed europe based revenues rather profits finance ministers said joint letter france leading push clamp taxation companies found support countries also frustrated low tax receive current international rules currently companies often taxed profits booked subsidiaries countries like ireland even though revenue originated eu countries we longer accept companies business europe paying minimal amounts tax treasures four ministers wrote letter seen reuters the letter signed french finance minister bruno le maire wolfgang schaeuble germany pardon italy luis de guides addressed eu estonia presidency bloc executive commission copy they urged commission come solution creating equalization tax turnover would bring taxation level corporate tax country revenue earned the amounts raised would aim reflect companies paying terms corporate tax ministers said letter first reported financial times le maire schaeuble pardon de guides spain said wanted present issue eu counterparts meeting calling the eu current estonia presidency scheduled discussion meeting concept permanent establishment aim making possible tax firms create value tax residence france stepped pressure eu tax rules facing legal setbacks trying obtain payments taxes activities country a french court ruled july french court ruled google part alphabet inc liable pay billion euros billion back taxes permanent establishment france ran operations ireland worldnews