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.
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. 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 the Organization for Economic Cooperation and Development to overhaul corporate tax to reflect the global nature of the digital age.