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 Google. A similar measure was introduced by Germany last year, but it has been blocked by several European courts. The move is part of a wider effort by the Organization for Economic Cooperation and Development to overhaul corporate tax to reflect the global nature of the digital age.