Bloomberg Tax
July 11, 2019, 9:43 AM

France’s Senate Passes Landmark Digital Services Tax

Hamza Ali
Hamza Ali
Senior Reporter International Tax

France will become the first European country to collect a tax on the digital revenue of large tech firms, after its Senate passed the controversial levy.

The legislation, adopted July 11, would impose a 3% tax on the revenue of digital giants such as Facebook Inc. and Amazon Inc.

  • All eyes now shift to the President Emmanuel Macron, who has 15 days to sign the tax into law.
  • France launched its unilateral measure after efforts to pass a similar European Union-wide version of the tax reached an impasse.
  • The proposed tax has a threshold similar to ...

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.