Facebook, Amazon Blast French Digital Tax In USTR Hearing
Law360 (August 19, 2019, 7:33 PM EDT) -- Representatives from Facebook, Amazon and Google said complying with a new French digital services tax will present significant challenges, including creating new measures to track individual user data, while testifying at a U.S. trade representative public hearing Monday.
France's user-based digital services tax presents issues for Facebook, since the company's revenue comes from advertisers, not from users, the company's head of global tax policy said. (AP) The tax hits specific streams of revenue at 3%, based on a formula of how much is generated from French users — regardless of whether they pay for a service or product, or use the website and...
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