Posted on 12/17/2018 11:01:49 PM PST by aquila48
France has said it will introduce its own tax on big technology firms from 1 January after EU-wide efforts stalled.
French Finance Minister Bruno Le Maire said he expected it to bring in €500m (£450m) in 2019.
France, along with Germany, had been pushing for the European Commission to agree measures by the end of this year.
But it is opposed by countries including Ireland, the Czech Republic, Sweden and Finland.
Earlier this year, the European Commission published proposals for a 3% tax on the revenues of large internet companies with global revenues above €750m (£675m) a year and taxable EU revenue above €50m.
The move would affect companies such as Google, Apple, Facebook and Amazon.
But critics fear an EU tax could breach international rules on equal treatment for companies across the world.
EU tax reforms need the backing of all member states to become law.
In the UK, Chancellor Philip Hammond announced in the Budget in October that he plans to introduce a digital services tax from April 2020 following a consultation.
(Excerpt) Read more at bbc.com ...
They need to tax everything to pay for the North Africans coming in over the border every hour of every day.
Liberal idiot governor of our state declared it a sanctuary state, now needs to raise all taxes to pay for his largesse. We just turned down a very expensive gas tax to cover pollution cleanup - thing is, we really don’t have pollution in our state.
And still the morons are voting for these idiots.
Well, back in the day, taxes is what got our juices flowing hot enough to do a real revolution and winning it.
The Democrats will impose a similar tax here. Count on it.
Manny Moron, Murky Merkel and TMay... varying degrees of maniacal megalomaniacs fronting for UNaccountable tax and control EUreaucrats.
Hopefully it's Viva France, Viva LA Revolution!
If something is profitable, the blood suckers swoop down to tax it to death.
Only idiots believe the crap about only affecting companies. The companies will merely raise their prices to cover the increase.
It is US who will pay the costs.
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