There is still disagreement among EU members over how to implement a so-called “GAFA tax” – named after Google, Apple, Facebook and Amazon – to ensure the global internet giants pay a fair share of taxes on their massive business operations in Europe.
France has been driving hard for such a tax, but we understand that at a meeting of EU finance ministers on 8 April, Sweden, Finland, Ireland and Denmark blocked a draft GAFA tax. Meanwhile, lawmakers in France’s National Assembly, France’s lower house of Parliament, have begun debating a national GAFA tax law. The bill proposes a 3% tax on digital advertising and other revenues of tech firms with worldwide revenues of more than 750 million euros ($842 million). As readers will recall, Spain abandoned a similar tax earlier this year, preferring to wait for the EU’s proposals.