Fresh eco-tax on all French flights
The government has announced a new tax on all flights leaving France in the global battle against climate change
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November 2016 - Issue #85
Dordogne
Your local newspaper for life in France
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France angers US with digital tax
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Giant dinosaur bone found in Cognac - pg 11
Bilingual: Storming of the Bastille - pg 13
Š Garry Knight (WikiCommons)
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tax for years. The proposals have been met with resistance from countries that have low tax rates, such as Luxembourg and the Republic of Ireland, but also from Germany, who have argued for a less ambitious approach. Frustrated by inaction, France has now gone it alone. A new law, passed by the National Assembly in July, sees France become the first major economy to impose a digital tax based on turnover, not profit. Known as the GAFA tax - an acronym for Google, Apple, Facebook and Amazon - the legislation will impose a 3% levy on the total annual revenues of the largest technology firms providing services to French consumers and will be applied retroactively from 1st January this year. It is believed that the tax will generate as much as
Famous chef in pickle over Cheddar - pg 9
The surprising local roots of Boris Johnson - page 4
Frustrated at profits being funnelled through low-tax regimes, France has become the first major economy to introduce a tax on the turnover of the biggest digital companies. here has been increasing anger in recent years over the tax affairs of the world’s largest digital companies. Most of the big online retailers and service providers funnel their profits through shell companies and into countries with low rates of corporation tax. Whilst this is not illegal under international law, the result is that in many countries across Europe these companies pay little or no tax, despite making huge profits. The European Commission estimates that, while traditional businesses face a 23% tax rate on their profits within the EU, internet companies typically pay as little as 8% or 9%. France is a particularly vocal critic of this practice and has been campaigning within the EU for a digital
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The Bugle Business Directory - pg 14-17
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