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Image header Agence Europe
Europe Daily Bulletin No. 12290
Contents Publication in full By article 19 / 24
NEWS BRIEFS / Taxation

French tax on digital sector giants soon to be set in stone

05/07/2019 (Agence Europe)France is in the process of definitively adopting a national tax on the turnover of digital sector giants such as Amazon or Instagram. After the National Assembly gave the go-ahead on Thursday 4 July, the Senate still has to approve the text on 11 July. A tax of 3% of turnover on targeted online advertising, the sale of data for advertising purposes and the linking of Internet users by platforms whose digital activities generate more than 750 million euros worldwide, including 25 million in France, will be introduced. This tax, which is to be abolished once an international agreement on the taxation of digital sector giants has been reached (see EUROPE 12250/13), could bring in 400 million euros in 2019 and 650 million euros in 2020. (MB)

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