France’s president, Emmanuel Macron, introduced the long time announced tech tax.
Third-party sellers on the Amazon platform in France received a surprising message from the US giant, namely the increase of commissions charged by 3% – representing the costs of the digital tax imposed by the French government, according to CNBC.
His tax on tech giant is 3% of any French revenues while the tech start-ups are going to receive friendlier tax policies.
European Union adopted a tight control over the big tech companies ever since GDPR, the e-privacy policies and now it appears it will introduce a common fiscal policy against them.
EU does not have a common fiscal union but it has been a long lasting discussion. “Fiscal union is the integration of the fiscal policy of nations or states. Under fiscal union decisions about the collection and expenditure of taxes are taken by common institutions, shared by the participating governments. “
This could be one thing the EU might agree upon and a step towards the fiscal union he yearns for.
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