France unveils plan to tax internet giants’ revenue GlobeTechnology
The French government unveiled plans Wednesday to slap a 3-per-cent tax on the French revenues of internet giants like Google, Amazon and Facebook.
In a news conference in Paris Wednesday, Finance Minister Bruno Le Maire estimated the tax will raise about 500 million euros a year this year but that should increase “quickly.”About 30 companies, mostly based from the U.S, but also from China and Europe, will be affected.“This is about justice”, Le Maire said.
Le Maire quoted figures from the European commission, the EU executive body, showing that digital giants pay on average 14 percentage points less tax than other European companies.
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