Digital, Google, Amazon

Digital, Google

Google, Facebook, Amazon to testify in US against French digital tax

Google, Facebook, Amazon to testify in US against French digital tax

14.8.2019

Google , Facebook, Amazon to testify in US against French digital tax

Alphabet Inc's Google unit, Facebook Inc and Amazon .com Inc are among the companies that will testify Monday at a U.S. government hearing on the ...

In July, the French Senate approved a 3per cent levy that will apply to revenue from digital services earned in France by companies with more than 25 million euros in French revenue and 750 million euros (US$838 million) worldwide.

The U.S. Trade Representative's Office in July opened a probe into the new tax it called"unreasonable." The office could issue new tariffs on French goods or other trade restrictions after the public comment period closes on Aug. 26.

Facebook global tax policy head Alan Lee's testimony said the tax"poses difficulties for Facebook's business model and will hinder growth and innovation in the digital economy" and would require a re-engineering of its systems.

He added that"while we may have the necessary data to calculate the tax, it would require additional time and resources to capture this data and maintain it for these new tax and audit purposes."

Jennifer McCloskey, vice president for policy at Information Technology Industry Council, which represents Amazon, Facebook, Apple Inc, Google and many others, will testify Monday that the tax"represents a troubling precedent, unnecessarily departs from progress toward stable long-lasting international tax policies and may disproportionately impact U.S.-headquartered companies."

The group added"there is a high likelihood that the cost of the tax will be passed down the supply chain."

Other EU countries, including Austria, Britain, Spain and Italy, have also announced plans for their own digital taxes.

Read more: CNA
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