France Approves Digital Services Tax Hike to 15% for Large Tech Platforms

• The French National Assembly’s Finance Committee approved raising the digital services tax (DST) from 3% to 15% for large digital platforms.
• The group revenue threshold for the DST will increase from EUR 750 million to EUR 2 billion.
• The measure targets major digital companies, often called the “GAFAM tax.”
• The tax hike aims to boost French public finances and digital sovereignty, especially in response to US tariffs.
• Additional revenue will support public finances while awaiting the OECD’s global tax framework.

Source: regfollower.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.

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