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Internet

France aborts proposed 'Google Tax'

Thursday 30 June 2011 | 09:02 CET | News
France's so-called Google Tax, a bill supported by the Senate but rejected by the National Assembly was finally laid to rest. Les Echos reports that deputy Philippe Marini withdrew his tabled amendment calling for a 1 percent tax on the global media spend on online advertising in France from 1 July. The statute would have raised about EUR 20 million a year for the Treasury. As he withdrew the amendment, Marini vowed to legislators that he would keep on fighting to generate tax revenues from Google, Facebook, Apple and other such business empires. France's recently established national digital council, comprised of captains of industry, consumer associations and government officials, had counselled against the legislation partly on the grounds that it would harm French small and medium businesses that did not have the means to buy advertising for France from outside the national territory. Among the alternatives presented by the NDC was the idea of levying an online advertising tax at the regional level, whereby EU legislation would tax international groups' French online advertising activity. It raised another option of partly offsetting the tax by giving R&D tax breaks to multinationals present in France. For his part, budget minister Francois Baroin suggested the possibility of legislating at the European level. Les Echos writes that this may be problematic as other member states could favour using incentives to attract big internet companies to their technology clusters.

Categories: Internet
Companies: Google
Countries: France
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