French lawmakers approve 3% tax on online giants

Posted in: Government & Policy at 06/07/2019 23:56

France’s lower house of parliament approved Thursday a small, pioneering tax on internet giants like Google, Amazon and Facebook — and the French government hopes other countries will follow suit.

The bill aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax EU countries. Currently, the companies pay nearly no tax in countries where they have large sales like France.

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