The French Senate approved the popularly called “Google tax”, a 3% tax on digital services revenue for firms with more than 25 million euros in France or 750 million in revenue globally. The rate was already announced by Macron’s government at the end of last year and the goal is to raise some 500 million euros by 2019.

France thus becomes the first country to approve the application of the tax to large technology, a tax that the European Union has decided not to implement yet because of conflicts that could generate, among others with the U.S. as the measure mainly affects the American technology giants such as Google, Amazon, Facebook or Apple.

With the recent approval, President Donald Trump of the U.S., has ordered the investigation of this fee. A position that could lead to new tariffs and restrictions for the European Union.

LEAVE A REPLY

Please enter your comment!
Please enter your name here