The new tax was approved by the French senate in July and would see some of the biggest tech firms pay a 3% tax on their sales in France.
Amazon, Facebook, and Google are among the biggest US tech firms that are gearing up to testify against France's new digital services tax on Monday after it was approved by the French senate in July. The tax is unusual in that it impacts revenue, not profit. The 3% on French sales will impact about 30, mostly US-based companies with revenues of more than €750 million , France's finance minister said.
Amazon, Facebook, and Google are among the biggest US tech firms that are gearing up to testify against France's new digital services tax on Monday after it was approved by the French senate in July. The tax is unusual in that it impacts revenue, not profit. The 3% on French sales will impact about 30, mostly US-based companies with revenues of more than €750 million , France's finance minister said.
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