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November 25, 2020 09:20 pm

France Orders Tech Giants To Pay Digital Tax

New submitter Based.Tech writes: The French Finance Ministry has sent out notices to big tech companies liable for its digital service tax to pay the levy as planned in December, the ministry said on Wednesday. France suspended collection of the tax, which will hit companies like Facebook and Amazon, early this year while negotiations were underway at the Organisation for Economic Cooperation and Development on an overhaul of international tax rules. The Finance Ministry has long said it would collect the tax in December as planned if the talks proved unfruitful by then, which is what happened when the nearly 140 countries involved agreed last month to keep negotiating until mid 2021. "Companies subject to the tax have received their notice to pay the 2020 installment," a Finance Ministry official said. France last year applied a 3 percent levy on revenue from digital services earned in France by companies with revenues of more than 25 million euros here and 750 million euros worldwide. The ministry had hoped to raise about 500 million euros this year from the tax, but the 2021 budget bill puts the figure at 400 million. Facebook's stance is "is to ensure compliance with all tax laws in the jurisdictions where we operate." Other tech companies have made similar statements.

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