France decides to tax Facebook, Apple, Amazon and Google and may...
International Thursday 26th November 2020 07:44 PM REPORT
The measure will reach large Internet multinationals, whose revenues escape many tax administrations in the world. U.S. taxes on French products could reach $ 1.3 billion
247 – Despite threats from the United States, France confirmed on Wednesday, 25, that it will apply a tax to large companies in the digital sector in 2020, such as Facebook, Apple, Amazon and Google.
The United States had threatened to impose tariffs on French products in retaliation.
"Companies subject to this tax have received a tax notification for 2020 payments," said the French Ministry of Economy in reference to the rate.
The measure will reach large Internet multinationals, whose revenues escape many tax administrations in the world.
United States taxes on French products, such as cheeses and beauty products, can amount to $ 1.3 billion.
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