France Approves Digital Service Tax
July 12 , 2019
As per recent news updates, on Thursday, July 11,2019, the Senate of France has approved a digital service tax of 3% on the sales generated by the multinational firms like Google and Facebook functioning in France. Meanwhile, US was opposing this step initiated by France. The French government argued that the headquarters of these firms lying outside the country pay negligible or no tax. Additionally, the US administration has asked for an inquiry to peep into the matter. Moreover, France has clearly stated that any digital company operating in the country and generating the revenue of more than Euro 750 million out of which if Euro 25 million is produced in France will be eligible to pay levied tax.