Tuesday, 9 April 2019

les géants du numérique

To the consternation of the US and championing an EU-led initiative that failed to pass the supranational parliament last year, France aims to levy a three percent tax on internet behemoths whose profits surpass certain thresholds—seven hundred billion and fifty billion world wide with twenty-five million euro domestically.
The bill, referred to as GAFA for the biggest interlopers—Google, Amazon, Facebook and Apple—is expected to pass the Senate with an equally overwhelming margin and Finance Minister Bruno Le Maire says France is honoured to take the first crucial step towards data sovereignty, expecting to glean around half a billion euro in tax revenue annually that will be returned to the public coffers. While the tax burden would certainly not be crippling to the captains of industry, there are fears that the scheme could incite a precedent.