Paris expects tax revenues of around € 500 million a year from the tax that went into effect on New Year's Eve.
ΦFrance has imposed a condition on internet giants such as Google and Facebook since January 1, 2019, expecting a significant boost to its tax revenue, of the order of 500 million euros per year.
The French Government's firm position is that technology giants are not taxed as they should be in Europe, which makes the need for this tax measure imperative.
For this reason, Paris has made this move on its own, without waiting for the "green light" from the EU, as the issue has long remained unresolved in the corridors of Brussels, which are unable to reach a joint decision that will apply in a pan-European level.
The crucial decisions on this issue will be taken next March. And this time, despite the objections of countries like Ireland, several EU member states appear determined to move forward on their own, following the example of France, taking similar measures.
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