France intends to the tax revenue of about 30 internet Giants such as amazon.comto hell and your physical justice according to finance minister Bruno le maire.
The levy ofas much as 5% of French sales will start January 1st and potentially raised about 500 million euros for the state told Le Maire told Le parisien newspaper.
under the plant which the cabinet will discuss on a very nice day that test will apply to any company with global revenue of more than 750 million rows and French sales above 25 million euros.
Best Chinese and European companies name meet the levy criteria including a few French businesses the report said as governments grapple with output tax global internet Giants that can generate use domestic revenues from limited physical assets.
Spain and the UK are also working on digital sales tax file Europe has so far field at a continent wide levy France intense tu tax revenue from local targeted ads market places and their selling of personal data.
So that there was no this of the new measures clashing with a tax agreement between France and US he discussed the plan with Steven Mnuchin during the u.s. treasury secretary stop in Paris late last month.organisation for economic cooperation and development could eventually draw a political Accord on digital and data taxation.
