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French govt. planning own digital tax

PARIS: The French government is planning to introduce a new tax on sales by Google, Amazon, Facebook and other digital giants. The levy would be retroactive to January this year. French Economy Minister Bruno Le Maire called the tax “a new challenge.” He told reporters in Paris on Wednesday, “We hope to create a tax system for the 21st century, with the introduction of the digital tax.” The government has introduced a bill for taxing digital companies with global annual sales of over 850 million dollars and over 28 million dollars in France. The firms would pay a 3-percent tax on their digital sales within the country.



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