Andre Yoskowitz
16 Jul 2012 22:56
The French government is considering an Internet tax on international companies that sell online but pay much less taxes than companies with brick-and-mortar stores in the nation.
Major companies like Google, Apple, Facebook and Amazon are being targeted, as the companies combine to bring in sales of five billion euros in France.
The report quoted Yves Le Mouel, head of the French Telecommunications Federation (FFT).
If accurate, the report claims that the government will launch a new study and consider new levies on Internet-based companies.
"Our fiscal system has trouble integrating new transaction forms generated by the digital economy. The result is a loss of income for public finances and a competitive disadvantage for French companies with respect to international groups which have organized themselves to evade or diminish their taxes," reads the news (via EET).