GAFA tax

Written by Joseph MICACCIA - -
GAFA tax

The tax on digital services, called GAFA tax is a French project to tax the major players in the Internet (Google, Apple, FaceBook, Amazon ...) who operate in France. This is a provisional law until the countries of the European Union agree to make a European law. Like the companies concerned, Mr. Donald Trump, has expressed dissatisfaction and threat to tax French products, especially wine ...

Retroactive to January 1, 2019, this law aims to tax digital activities that "create value thanks to French netizens," said Bruno Le Maire, Minister of Economy and Finance. The GAFA tax is estimated to bring in € 400 million this year. According to the Ministry of Economy, some thirty major groups should pay this tax, with two thresholds: a minimum turnover of 750 million euros worldwide and 25 million in France.

 

 

The draft law adopted on July 11 is based on a European project that did not succeed because of the reluctance of Ireland, Sweden, Denmark and Finland.


We must salute the courage of the French government to go it alone for the GAFA tax, under the leadership of President Emmanuel Macron, at the lack of coordination of the other countries of the European Union, facing Mr. Donald Trump, President of United States of America.

 

 

This will probably be a great progress when all the countries of the European Community have the same level of taxation. Moreover, it would be stupid for the GAFA (and other companies) do not take advantage of the tax optimization that allow especially Ireland or Luxembourg, where is the tax headquarters of Amazon for example.

 

 

Moreover, among the giants of the Net, Amazon has responded first, announcing that it will pass the French tax on French buyers and sellers who use its sales platform.

 

When Amazon will be less attractive, we will buy elsewhere ... even if few companies offer such competitive prices and delivery times as fast as Amazon.

 

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