The French government has begun to develop a draft law on the taxation of multinational companies with a turnover of over 750 million euros, said the French journal Du Dimanche. Under the law can get Google, Amazon, Facebook and Apple.

For the Internet giant was even coined a special acronym: GAFA. Economy Minister Bruno Le Mayor called the development of such a bill “a question of justice”.

The proposal should be submitted to the Council of Ministers of France by the end of February. To apply the new tax will, from 1 January 2019. The economy Minister has estimated that the innovation will bring to the Treasury of France advanced about 500 million euros.

To offer understanding in the European Union, “despite the fluctuations in some countries,” the Minister said. According to him, the issue of taxation of GAFA is “the main problem of the XXI century”.

Paris, meanwhile, has developed another economic proposal. The Cabinet of France demanded to unite carmakers Renault and Nissan.

Renault owns 43.4% of Nissan shares and has the right to appoint the head of the Japanese automaker and members of its Board of Directors. Nissan has 15% stake in Renault and a similar right regarding the French automaker is not.

Read more •••


Please enter your comment!
Please enter your name here