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 3% tax on revenue sourced in the country for services including advertising and digital marketplaces, aimed at technology companies such as Amazon and the Organization for Economic Cooperation and Development. It is expected to be the first of many similar taxes introduced in Europe, which is pushing for more of a technology company's profits to be taxed in the territory where they are realised. The move is part of a wider effort by Google to overhaul corporate tax to reflect the global nature of the digital age.