France’s tax on tech giants passes first vote

France’s tax on tech giants passes first vote

5 years ago
Anonymous $syBn1NGQOq

https://techcrunch.com/2019/04/09/frances-tax-on-tech-giants-passes-first-vote/

The lower house of the French parliament has voted in favor of the new tax on tech giants without any modification. Big tech companies that generate significant revenue in France will be taxed on their revenue generated in France.

Economy Minister Bruno Le Maire has been lobbying other European countries so that big tech companies would stop optimizing their European corporate structure to lower their effective tax rate.

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