Sunday, September 10, 2017

France, Germany, Italy, Spain Seek Tax On Digital Giants' Revenues

These countries are going to be pretty damn surprised when companies like Google, Facebook and Microsoft decide to no longer do business in their countries.

France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive under current international rules.