Vive La France! Facebook, Google, Amazon Face $452 Million Tax Bill
Companies, agencies, institutions, etc
Big Tech
Facebook
Google
Amazon
Apple
the Wall Street Journal
the French Parliament
CCN
the U.S. Federal Trade Commission
UPI
The Computer & Communications Industry Association
CCIA
taxes.“France
BizPac Review
the University of Pennsylvania
People
Emmanuel Macron
Bruno Le Maire
Mark Zuckerberg
Con Man
fairness.”Amazon
Christian Borggreen
Chang
Groups
French
European
breach.“These
Physical locations
Silicon Valley
Silicon Valley’s
Europe
Places
Facebook
Locations
France
US
Germany
Spain
the United Kingdom
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Summary
The new tax applies retroactively going back to January, according to the Wall Street Journal.The measure comes up for debate in April but is expected to pass easily because President Emmanuel Macron’s tax-happy party controls the majority in the French Parliament.France’s digital tax is part of a broader movement by European countries to profit from the revenue windfall that tech juggernauts like Facebook, Google, Apple, and Amazon earn in their countries as economic activity increasingly moves online.As CCN reported, Facebook’s ad revenue from 2018 alone topped $33.8 billion.
As said here by Samantha Chang