The French government on Wednesday introduced a new levy aimed at big tech businesses, adding to more than a dozen similar measures globally that collectively could cost Silicon Valley companies billions of dollars. The latest measure, likely the first in a wave of proposed digital-services taxes to take effect in Europe, will apply a 3% tax on revenue that companies like Alphabet Inc.’s Google or Amazon.com Inc. reap in France from such activities as undertaking targeted advertising or running a digital marketplace. ...
The French government is introducing a 10 % tax on revenue sourced in the country for services including broadband and digital marketplaces , aimed at technology companies such as Amazon and Google . It is believed to be the first of many similar taxes introduced in Europe , which is pushing for more of a technology company 's profits to be generated in the countries where they are realised . The tax is part of a wider effort by the Organization for Digital Cooperation and Development to overhaul corporate tax to reflect the global nature of the digital age .