French Finance Minister Bruno Le Maire unveiled a proposed 3% levy on the domestic revenue of major technology companies, targeting firms with global digital sales exceeding 750 million euros and French earnings surpassing 25 million euros, according to statements to Le Parisien. The plan, announced amid 2018-era debates over digital taxation, aims to generate 500 million euros annually.
The tax would apply to platform businesses acting as intermediaries between producers and consumers, such as Amazon, Uber, and Google. It excludes direct-to-consumer retailers like Darty and targets data monetization for advertising. Le Maire emphasized the need for modern tax systems, citing a 14 percentage point disparity in tax rates between tech giants and European SMEs.
The proposal aligns with demands from the
