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France demands millions from US tech giants in new digital-services tax

1 month ago   |   By RT

French tax authorities have contacted a number of major US technology companies demanding they pay millions of euro, as it pushes forward with its new digital tax, and despite criticism from Washington.
Amazon and Facebook are among the companies which have been notified that they are expected to pay the three-percent tax on any revenue generated by large tech companies that operate in France.
France's Finance Minister Bruno LeMaire has estimated that the new tax could bring in some €500 million in revenue for the government.
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France is pushing ahead with its tax on US Big Tech after a 10-month standoff with Trump, setting the stage for a trade war over makeup and handbags

France is pushing ahead with its tax on US Big Tech after a 10-month standoff with Trump, setting the stage for a trade war over makeup and handbags

1 month ago   |   By Business Insider

Summary List Placement
France has demanded US tech giants pay its new 3% digital services tax, in a re-escalation of a trade war with the White House that was put on hold in January.
The Financial Times reported Wednesday that tech companies including Facebook and Amazon had been told by French authorities over the past few days that they need to pay the tax for 2020. The FT cited company executives, advisors, and French officials.
A finance ministry official confirmed this in a statement to the Telegraph , saying: "The companies subject to this tax have been notified."
France's government...
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