PARIS: A three percent tax on the French revenue of large internet companies could yield 500 million euros per year, French Finance Minister Bruno ...
PARIS: A three percent tax on the French revenue of large internet companies could yield 500 million euros per year, French Finance Minister Bruno Le Maire said on Sunday.
The paper listed Google, Amazon, Facebook and Apple but also Uber, Airbnb, Booking and French online advertising specialist Criteo as targets. He added it is also a matter of fiscal justice, as the digital giants pay some 14 percentage points less tax than European small-and-medium sized companies.Fairer taxes are a key demand of the"yellow vest" protests seen across France in the past three months.
Companies selling their products on their own websites would not be targeted, such as French retailer Darty which sells TVs and washing machines via its website.
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