Despite a setback in Brussels to reach a European Union-wide taxation, the French government decided to impose the tax at the national level. It hopes to collect 400 million euros this year and 650 million euros by 2022.
In a further step to implement tax on internet giants, with which it wants to build fairer and more sustainable capitalism, France won parliament approval on July 11, defying Washington's threat to launch a probe that could lead to higher tariffs on French imports if the two sides fail to reach a settlement.
Targeting broader support for a digital taxation, the eurozone's second largest power would lift the GAFA tax which refers to Google, Amazon, Facebook and Apple, if there was an accord on a universal digital tax including all of the OECD countries by the end of 2020. (1 euro = 1.112 U.S. dollars)
【国际英语资讯:France hopes to reach universal taxation on digital activities in upcoming G7 summit: minist】相关文章:
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2020-09-15
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