US tech industry leaders warn France on digital service tax

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

South Africa News News

Google, Facebook, Amazon.com and major trade associations tell US hearing France’s new levy undermines the global tax regime

Jonas Ekblom and David ShepardsonWashington — Major tech firms and US tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.

The French Senate in July approved a 3% levy that will apply to revenue from digital services earned in France by companies with more than €25m in French revenue and €750m worldwide.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines