According to reports from the Financial Times, the French authorities have started to make requests of tax charges to US tech companies such as Amazon and Facebook based on a tax proposal originally submitted in December of 2018.

France has therefore decided to move independently, while at European level an attempt is being made to outline a community taxation scheme for the great realities of the technological panorama. When, in 2018, the French authorities presented the new tax, they agreed to postpone its introduction in agreement also with the United States, to give the OECD time to develop an international plan. “a French official told the Financial Times.

France wants 3% tax for US Big Tech

Cathy Schultz, vice president for fiscal policy at the National Foreign Trade Council in Washington, instead stressed: “Everyone has leaned on the OECD, highlighting the need to find an agreement . But if we don’t reach it, these things will take hold more and more and we will have more episodes of trade war. ”

In this regard, the Financial Times reports that the US is considering the introduction of duties for some French products : previously they were considered duties of 100% on champagne and cheese, while now the hypothesis is of rates at 25% on French bags and tricks.

The French tax scheme, as indicated by the authorities at the time of its presentation, provides a tax of 3% for sales made in France . The entities subject to this tax are those with an annual turnover worldwide of over 750 million euros, and at least 25 millions of euros in turnover relating to the French market. When the tax was announced in 2018 the French Finance Minister Bruno Le Maire said he expected a deposits of approximately 500 million euro in 2019 .