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Apple: GAFA will be taxed at 3% and will bring 500 million euros to France

Apple

Posted: March 4 2019
Updated: October 21, 2019

by Steve

This time, it’s done. Bruno Le Maire, French Minister of Economy, detailed on Sunday March 3 his tax plan on GAFA (Google, Apple, Facebook, Amazon, in other words the digital giants). This turnover tax will be levied at the single rate of 3%.

GAFA 1024x576 - Apple: GAFA will be taxed at 3% and will bring 500 million euros to France

The product of this 3% tax on digital turnover generated in France from January 1, 2019 must quickly reach 500 million euros “Told the newspaper The Parisian Bruno Le Maire. This French tax will apply to all large digital companies with turnover of more than 750 million euros worldwide, and 25 million euros in France.

Thirty groups will be affected. They are mainly American, but also Chinese, German, Spanish or British Added the Minister. Only a French company would be affected: Criteo, specialist in online advertising targeting. The Mayor also indicated that the tax is ” a question of tax justice “, Insofar as ” digital giants pay 14 tax points lower than European SMEs

As a reminder, the minister left pending the plan for a European tax last week, while declaring: As soon as there is an agreement within the Organization for Economic Cooperation and Development (OECD), these new international tax rules will take the place of our French tax