- France plans to impose a 3% revenue tax on 30 Internet giants starting in January
- The tax would apply to companies with global revenue over $853 million and French sales over $28 million
- The tax is seen as a way to achieve fiscal justice and could raise $570 million for France
- The proposal will be discussed by the cabinet before being presented to parliament
- Finance Minister Bruno Le Maire believes digital giants pay significantly less tax than smaller European companies
- Le Maire argues that digital companies should pay the same tax as other companies on the same turnover
Source: pymnts.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
