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March 6, 2018 03:30 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/D6_AhtemJ7g/europe-plans-special-tax-for-google-apple-facebook-and-amazon
Europe Plans Special Tax For Google, Apple, Facebook, and Amazon
An anonymous reader quotes a report from The Register: Bruno Le Maire, France's minister for the economy, has revealed that a plan to levy a special tax on Google, Apple, Facebook, and Amazon will soon be revealed by European authorities. Le Maire told French newspaper Le Journal du Dimanche "A European directive will be unveiled in the coming weeks, the minister reveals, and it will mark a considerable step forward." The minister told the paper that a tax of between two and six per cent has been considered, with the proposal to be "closer to two than six." The proposed tax will be levied on the four companies' turnover, rather than profits. Taxing turnover is hoped to offer a simple way to tax the companies, as all use legal-but-cynical ways to minimize their taxable income. Le Maire added that a turnover tax is seen as being quick to implement and that the four companies know they're going to have to pay more tax in Europe, so may be amenable to such an arrangement.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/D6_AhtemJ7g/europe-plans-special-tax-for-google-apple-facebook-and-amazon
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