France Hits Google, Amazon, Facebook with 3% Digital Tax

France Hits Google, Amazon, Facebook with 3% Digital Tax
  • Clock-gray 05:56
  • calendar-gray 07 March 2019

The French Government introduced a tax on Wednesday aimed at giant tech companies’ digital sales, in an attempt to curb the practice of paying global levies in countries with lower tax rates, ONAreports citing Spurnik.

The bill, which is to be discussed by cabinet ministers before being submitted to parliament, is a proposal by Economy Minister Bruno Le Maire to have companies pay a tax of three percent on much of their digital sales in France, France24 reported.

The tax would apply to the French revenues of roughly 30 major companies, most of which are US-based. Le Maire estimated the tax will raise roughly 500 million euros ($565 million) per year.

Faiq Mahmudov

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