Big tech giants are hit by a new digital tax in France, adding to momentum behind more than a dozen similar measures globally that could cost Silicon Valley billions of dollars
The French government on Wednesday introduced a new levy aimed at big tech giants, adding to momentum behind more than a dozen similar measures globally that could collectively cost Silicon Valley companies billions of dollars.
The measure, likely the first in a wave of proposed digital-services taxes to be applied in Europe, will apply a 3% tax on French-source revenue that companies like Alphabet Inc.’s Google or Amazon.com Inc. reap from specific services like targeted advertising or running a digital marketplace.
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