https://techcrunch.com/2020/11/25/france-starts-collecting-tax-on-tech-giants/

France is going forward with its plan to tax big tech companies. The government has sent out notices to tech giants, as reported by the Financial Times, Reuters and AFP. There could be retaliation tariffs on French goods in the U.S.

For the past couple of years, France’s Economy Minister Bruno Le Maire has been pushing hard for a tax reform. Many economy ministers in Europe think tech companies aren’t taxed properly. They generate revenue in one country, but report to tax authorities in another country. They take advantage of countries with low corporate tax to optimize the bottom line.