The French government has unveiled plans to slap a 3% tax on the French revenues of internet giants like Google, Amazon and Facebook.
Eric Piermont / AFP - Getty Images fileGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.The French government on Wednesday unveiled plans to slap a 3 percent tax on the French revenues of internet giants like Google, Amazon and Facebook.
Le Maire estimated the tax will raise about 500 million euros a year this year but that should increase"quickly." Le Maire quoted figures from the European Commission, the EU executive body, showing that the major digital tech companies pay on average 14 percentage points less tax than other European companies.
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