Results 1 to 3 of 3
Like Tree1Likes
  • 1 Post By Judy

Thread: France to introduce tax on large internet, tech firms

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Super Moderator Newmexican's Avatar
    Join Date
    May 2005
    Location
    Heart of Dixie
    Posts
    35,723

    France to introduce tax on large internet, tech firms

    France to introduce tax on large internet, tech firms

    Date created :
    17/12/2018 - 17:09



    Lionel Bonaventure, AFP | France will introduce its own tax on tech giants, said Finance Minister Bruno Le Maire on Monday.

    Text by:NEWS WIRES


    France will introduce its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said Monday amid difficulties in finalising a new EU-wide levy.


    France has been pushing hard for a new so-called "GAFA tax" -- named after Google, Apple, Facebook and Amazon -- to ensure the global giants pay a fair share of taxes on their massive business operations in Europe.

    "The tax will be introduced whatever happens on January 1 and it will be for the whole of 2019 for an amount that we estimate at 500 million euros ($570 million)," Le Maire told a press conference in Paris.

    The low tax rates paid by US tech giants in Europe has repeatedly caused anger among voters in many European countries but the 28-member bloc is divided on how to tackle the issue.

    Ireland, which hosts the European headquarters of several US tech giants, leads a small group of otherwise mostly Nordic countries that argue a new tax could lead to reprisals against European companies and stoke anger in the US.

    Any tax changes must be approved unanimously by member states.
    France and Germany agreed earlier this month to introduce a new joint measure in 2021, which would give the Paris-based OECD time to work on a new global solution.

    The Organisation for Economic Cooperation and Development, which groups major world economies, is working on a proposal for a new international scheme that would regulate taxation on tech firms.

    Policymakers across the world have had difficulty in taxing the US-based giants who dominate their sectors internationally, but who often route their revenues and profits via low-tax jurisdictions to reduce their liabilities.

    France's move to introduce the tax on January 1 could be driven by domestic budget concerns, with the finance ministry looking for new sources of revenues and savings.

    Under pressure from "yellow vest" protesters, President Emmanuel Macron announced a series of measures last week for low-income families which has left a multi-billion-euro hole in the 2019 budget.

    Some other EU member states such as Britain, Spain and Italy are also working on national versions of a digital tax, with Singapore and India also planning their own schemes.

    https://www.france24.com/en/20181217...fa-company-usa

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  2. #2
    Senior Member Judy's Avatar
    Join Date
    Aug 2005
    Posts
    55,664
    Such idiots. Poor France.
    Beezer likes this.
    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  3. #3
    Senior Member Beezer's Avatar
    Join Date
    Apr 2016
    Posts
    17,143
    NWO TAX EVERBODY TO DEATH!

    GIVE OUR MONEY TO OVERBREEDING 3RD WORLD COUNTRIES...DUMP THEIR VIOLENT PEOPLE IN OUR COMMUNITIES!

    NO THANK YOU! BUGGER OFF!

    ARE THESE BIG BUSINESSES GOING TO WAKE UP NOW AND THROW THE "LEFT" UNDER THE BUS AND GET ON THE TRUMP TRAIN???

    THE LEFT WILL NOW GO AFTER YOUR MONEY YOU FOOLS!
    TO BECOME AN AMERICAN YOU MUST CHANGE YOUR VALUES ...NOT YOUR LOCATION

    STAY HOME AND BUILD AMERICA ON YOUR SOIL

Similar Threads

  1. Tech firms spend $13.8M lobbying on immigration
    By Finnian in forum illegal immigration News Stories & Reports
    Replies: 2
    Last Post: 05-02-2013, 11:05 AM
  2. FBI Mortgage Probe Eyes 17 Large Firms
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 1
    Last Post: 03-19-2008, 10:28 AM
  3. Tech Firms Eye Immigration Debate
    By butterbean in forum illegal immigration News Stories & Reports
    Replies: 1
    Last Post: 03-28-2006, 09:49 AM
  4. Moves to Baja Profit Tech Firms
    By Brian503a in forum Other Topics News and Issues
    Replies: 0
    Last Post: 03-10-2006, 04:40 PM
  5. U.S. Tech Firms Pushing for More H-1B visas
    By Brian503a in forum illegal immigration News Stories & Reports
    Replies: 0
    Last Post: 02-14-2006, 09:18 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •