France Plans 5% Digital Tax as Governments Chase Internet Giants

Date: March 5, 2019Author: Nwo Report 0 Comments

(Bloomberg) — France intends to tax the revenue of about 30 Internet giants such as Amazon.com Inc. to help ensure “fiscal justice,” according to Finance Minister Bruno Le Maire. The levy of as much as 5 percent of French sales will start Jan. 1 and potentially raise about 500 million euros ($570 million) for the state, Le Maire told Le Parisien newspaper. Under the plan, which the cabinet wil