Home France adopts 3% digital services tax, attracting US ire
 

Keywords :   


France adopts 3% digital services tax, attracting US ire

2019-07-11 14:13:00| Telecompaper Headlines

(Telecompaper) France's Senate has adopted the 3 percent tax on revenues made in France by digital services providers such as Google, Apple, Facebook or Amazon, Le Monde reported. The US govt says it will investigate the tax and make sure it does not unfairly target US companies. French Finance Minister Bruno Le Maire said earlier that while some US companies would certainly be subject to the tax, the legislation is in general aimed at around 30 companies, also from China, Germany, Spain and the UK, as well as from France itself. The tax would be imposed on any digital company with revenues of more than EUR 750 million, with EUR 25 million of that generated in France. It is expected to yield EUR 400 million this year and EUR 650 million in 2020. It was announced by Presidend Emmanuel Macron at the end of last year. The president said the money raised will help finance certain social and economic measures for the country. 

Tags: services france digital tax

Category:Telecommunications

LATEST NEWS

Poland to announce new POPC broadband network contract in Q4 worth PLN 580 mln

2019-07-11 09:39:00| Telecompaper Headlines

(Telecompaper) The Centrum Projektow Polska Cyfrowa (CPPC) plans to announce a new contract for the deployment of a broadband network under the framework of the Operational Programme Digital Poland (POPC), reports Telko.in. The invitation to tender bids will be announced in the fourth quarter of this year. According to preliminary data, PLN 580 million will be allocated for this purpose.

Tags: network worth contract poland

Category: Telecommunications

 

 

US govt orders investigation into France's planned digital services tax

2019-07-11 09:33:00| Telecompaper Headlines

(Telecompaper) The US government has expressed concern about the 3 percent digital services tax proposed by France, Reuters reported. Draft legislation on the tax passed France's lower house of parliament in April and is set to pass the Senate on 11 July. US President Donald Trump has now ordered an investigation into the planned tax. "The US is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies," US Trade Representative Robert Lighthizer said in a statement announcing the investigation. Lighthizer said Trump "has directed that we investigate the effects of this legislation and determine whether it is discriminatory or unreasonable and burdens or restricts United States commerce."

Tags: services digital orders tax

Category: Telecommunications

 

 

Latest from this category

All news

18.07Qualcomm fined EUR 242 mln by EU for predatory pricing of 3G chips
18.07Vodafone secures competition clearance for Liberty Global takeover in Germany, East Europe
18.07Mercosur countries sign deal to end roaming charges
18.07Telia slows decline in underlying results in Q2, sees better second half
18.07AT&T partners Microsoft for cloud services, edge computing
18.07Netflix Q2 customer growth falls short of expectations after price hike
18.07SoftBank: Japan is no longer at the cutting edge of tech innovation
18.07Ericsson's return to profitability continues but growth slows on Q2 results
Telecommunications »
19.07Meeting Agenda July 23, 2019
19.07Meeting Minutes 6/21/2019
19.07Meeting Minutes 5/14/2019
19.072nd Quarter 2019 - Chief Human Resources Officer
19.07Woodstock | 07-18-19 | Full BLK bounded by Woodstock, SE 48th & 49th & Martins | Adjustment Review | LU 19-163863 AD
19.07Goose Hollow | 07-18-19 | 1513 SW Market St | Design Review - NOTICE | LU 19-186709 DZ
19.07Irvington | 07-17-19 | 2933 NE 17th Ave | Historic Resource Review - NOTICE | LU 19-186145 HR
19.07King | 07-17-19 | 5774 NE Rodney Ave | Adjustment Review - NOTICE | LU 19-185841 AD
More »