Slashdot Mirror
France Considers Raising Taxes on Internet Giants (reuters.com)
France's Finance Minister has drafted a new law to tax internet giants, reports Reuters:
A three percent tax on the French revenue of large internet companies could yield 500 million euros [$568 million U.S. dollars or £429 million] per year, French Finance Minister Bruno Le Maire said on Sunday. Le Maire told Le Parisien newspaper the tax is aimed at companies with worldwide digital revenue of at least 750 million and French revenue of more than 25 million euros.
He said the tax would target some 30 companies, mostly American, but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies. The paper listed Google, Amazon, Facebook and Apple (the four so-called "GAFA" companies) but also Uber, Airbnb, Booking and French online advertising specialist Criteo as targets. "A taxation system for the 21st century has to built on what has value today, and that is data," Le Maire said. 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.
The draft law will be presented to the cabinet on Wednesday, and then presented to France's parliament, Reuters reports.
"The tax would also target the sales of personal data for advertising purposes."
He said the tax would target some 30 companies, mostly American, but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies. The paper listed Google, Amazon, Facebook and Apple (the four so-called "GAFA" companies) but also Uber, Airbnb, Booking and French online advertising specialist Criteo as targets. "A taxation system for the 21st century has to built on what has value today, and that is data," Le Maire said. 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.
The draft law will be presented to the cabinet on Wednesday, and then presented to France's parliament, Reuters reports.
"The tax would also target the sales of personal data for advertising purposes."
You're clearly lucky to live in a state that gives a fuck about public higher education -- many states are more concerned about football than academics.
The French have fast trains. The US does not......
Yeah, but to be fair, if the Islamists over here ever decided to go all loopy and form rape gangs (like seems to be fairly common in Europe these last few years) we can shoot them...... That's gotta count for something..
I'm sure they won't just add that 3 % back to the costs of their services in France
So.....advertisers will pay more? Tell me, where is the drawback again?
"First they came for the slanderers and i said nothing."
The US has fast aircraft carriers. Any world government that is not concerned about us must be utter fools.
Some countries are inland, you know. ;-p
Ezekiel 23:20
Because if adverts cost more then companies will be able to afford less, of course.
Hang on ...
Confucius say, "Find worm in apple - bad. Find half a worm - worse."