Le Maire Says Global Tax Deal Must Apply to Amazon, Tech Giants

Logo: Bloomberg Law

By Tara Patel

French Finance Minister Bruno Le Maire said Amazon.com and other tech giants must fall within scope of international tax plan. In an interview on RMC, Minister Le Maire also mentioned, “Amazon has to be in it, we won’t have a minimal tax on companies of at least 15% so that the biggest digital companies like Amazon are let off, France will fight so it’s there.”  Part of Amazon’s business like deliveries don’t generate enough profit to qualify, while other operations like for the cloud are very profitable; “The solution is to divide this into segments and tax what is very profitable,” he said. 

To read more go here Subscription Required
By Tara Patel, posted on Wednesday June 9, 2021
Subscribe

Read More International Tax News