Tuesday, December 18, 2018

Big Technology Company To Pay Tax In France

The country has said it will establish its tax on these companies by January 2019 if the European Union will not succeed in completing the new regional tax system

French Finance Minister Bruno Le Maire said yesterday that the tax will be launched in January, and will be invested for 2019 at an estimated rate of up to 500 Million Euros

The country has been pressing to introduce a new taxation known as GAFA, a brand name from Google, Apple, Facebook and Amazon companies to ensure taxpayer due to their European operations.

The low tax rate paid by these American agencies has become increasingly furious among most European members.


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