France nears implementation of digital tax

phys.org | 1/20/2019 | Staff
emilia (Posted by) Level 3
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France will push ahead with its own tax on large internet and technology companies by introducing a bill that would be retroactive to January 1, its finance minister said Sunday.

The move comes as the European Union tries to finalise an EU-wide levy.

Tax - Service - Companies - Sales - Euros

"We are working on a tax that would affect internet service companies with global sales of more than 750 million euros ($850 million) and 25 million euros in France," Economy and Finance Minister Bruno Le Maire told the weekly newspaper Journal du Dimanche.

"If these two criteria are not met, they (the taxes) will not be imposed," he noted.

Draft - Bill - Government - End - February

A draft bill would be presented to the government by the end of February "and rapidly put before parliament for a vote," Le Maire said.

"The tax would apply as of January 1, 2019 and its rate would vary according to the level of sales, with...
(Excerpt) Read more at: phys.org
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