On Wednesday 6 March in Paris, the French Minister of Finance, Bruno Le Maire, unveiled the outline of legislative proposals that will, from 2019, tax large digital companies operating in France; this is as a result of a lack of unanimous agreement on taxation at European level (see EUROPE 12152) and until an international solution is found.
This tax will be “simple, targeted and effective”, promised Mr Le Maire.
From 2019, companies whose turnover exceeds €750 million worldwide and...