Complying with France’s new 3% digital revenue tax will cost Amazon.com Inc. “millions,” a company official said.
The French measure asks tech giants like Amazon, Facebook Inc., and Alphabet Inc.'s Google to calculate how much of their revenue comes from French users, based on location data. That will force them to adjust their systems to track that data, Peter Hiltz, director of international tax and policy planning at Amazon, said Aug. 19 at a Washington hearing.
- “We haven’t had any reason to track those sorts of things,” Hiltz said at the U.S. Trade Representative’s hearing into impact of the ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.