Home Blockchain News Vive La France! Facebook, Google, and Amazon Face $452 Million Tax Bill

Vive La France! Facebook, Google, and Amazon Face $452 Million Tax Bill

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France expects to collect $452 million in 2019 through a new digital tax that targets 30 Big Tech companies, including Facebook, Google, Amazon, and Apple. On March 6, the French government introduced a 3% digital-services tax on tech giants that earn hefty revenues in France through targeted ads or digital marketplaces. The tax will apply to tech companies whose annual global revenues top $850 million, and at least $28 million in France. 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

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