France Drives EU Tax Blitz On Revenues Of US Tech Giants

Jim Brunsden and Mehreen Khan: Paris and Berlin are mounting a joint offensive to tax internet giants such as Google and Amazon based on revenues generated in EU countries, a change that would wreak havoc with many technology groups’ business models in Europe.

The initiative, launched by Bruno Le Maire, French finance minister, and set to be presented to all 28 EU finance ministers next week, would overhaul national tax codes to include an “equalisation tax” for tech companies that would collect levies based on national turnover.

Brussels would propose…

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