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


Latest from this category

All news

18.10Ceconomy confirms departure of CEO, appoints interim replacement
18.10ACM warns Dutch fibre roll-out at risk from duplicate networks
18.10Ingram Micro confirms withdrawal from South Africa
18.10Wind Tre sheds 2 mln lines since Iliad entry - Agcom
18.10LG U+ teams up with Ericsson as it looks to scale up its 5G network in Korea
18.10Looking ahead to Total Telecom Congress 2019
18.10BT unveils 5G Smart Port initiatives in Belfast
17.10O2 UK switches on 5G network, offers unlimited data with no premium
Telecommunications »
19.10Post-Tropical Cyclone Nestor Graphics
19.10Post-Tropical Cyclone Nestor Public Advisory Number 9A
19.10Summary for Post-Tropical Cyclone Nestor (AT1/AL162019)
19.10Eastern North Pacific Tropical Weather Outlook
19.10Atlantic Tropical Weather Outlook
19.10Post-Tropical Cyclone Nestor Potential Storm Surge Flooding Map
19.10Tropical Depression Octave Graphics
19.10Post-Tropical Cyclone Nestor Forecast Discussion Number 9
More »