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France to start collecting digital tax from US tech giants in December – Source CNET Tech


France’s digital tax focuses on tech companies.


France plans to begin collecting its new digital tax from big tech companies in December, and the country’s Finance Ministry has sent out notices to the affected companies to tell them so, Reuters reported Wednesday.

The 3% tax, applies to companies with annual revenue of more than 25 million euros ($28 million) in France and 750 million euros ($832 million) worldwide. The new taxation regime was introduced last year, but France delayed collecting the money from tech companies after it attracted the ire of US President Donald Trump. 

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Source CNET Tech

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