Category Taxation in France

France to Tax Netflix and YouTube

September 22, 2017 Taxation in France

Netflix TaxPARIS – Online video providers in France are about to be slapped with a tax, which will fund the development and filming of new local media content.

France has received tentative approval to implement a tax on the revenues garnered by online video services which have French viewers, even in cases where the company is not established or registered in France.

The tax will be levied at a rate of 2 percent on the revenues from subscription-based services, such as Netflix.

Further, video-sharing sites with no subscriptions, such as YouTube, will be taxed based on their advertising revenues from French viewers.

The funds from the tax will be used to fund the French film board, which will then go on to subsidies local original media content, such as TV shows, video games, and movies.

The film ...

Read More

France and Germany Keep Chasing Tech-Giants

August 28, 2017 Taxation in FranceTaxation in Germany

tech giant taxPARIS – France and Germany are stepping up their fight against tax-dodging tech-giants, despite the failures of previous moves to address the problem.

Over the weekend the Finance Minister of France Bruno Le Maire announced that the governments of France and Germany may soon reveal a new “fair contribution” tax to be levied on the profits of large multinational tech firms, such as Google and Facebook.

The exact methodology and mechanics of the new tax have not been revealed, however, the Minister did explain that tax authorities may use the revenues of the companies as a “reference point” to determine what tax level they should face in order to ensure that they are making a contribution in the countries where they generate a profit.

Large tech companies have come under fire for s...

Read More

France Approves YouTube Tax

December 8, 2016 Taxation in France

Youtube taxPARIS – France could soon start taxing the revenues of video-streaming sites, even though not based in the country.

This week the parliament of France voted on, and approved, a new measure to tax the advertising revenues of online video services available in France, a tax which has already come to be called the “YouTube Tax”.

The tax was initially proposed, and subsequently, dropped earlier this year during the discussions on the 2017 national budget plan.

Under the scope of the new rules, video streaming websites which derive any advertising revenues from French viewers will need to pay a tax of 2 percent of the profit earned, or a raised rate of 10 percent if the materials are violent or adult in nature.

The only exemption will be news websites which display advertising-supported vi...

Read More

France Approves Tax on Palm Oil

March 19, 2016 Taxation in France

PARIS – France will soon tax imports of palm oil at EUR 30 per tone, despite internal claims that such a tax is illegal and perpetuates poverty.

On March 17th the National Assembly of France approved the proposal to implement a tax on importation of palm oil to be used as an additive to food.

The new tax will come into force in 2017 and will be set at a rate of EUR 30 per tonne, rising by an additional EUR 20 per year, to be capped in 2020 to a rate of EUR 90 per tonne.

The tax will not apply to imported palm oils which are produced in an environmentally sustainable way.

The proposal to implement a tax on palm oil has been raised several times since 2012, although the original proposals called for the rate of the tax to be set at EUR 300 per tonne.

The new tax is already facing signifi...

Read More

France Recovers Billions From Tax Dodgers

March 4, 2016 Taxation in France

PARIS – French tax authorities are rapidly recovering billions of dollars from tax evaders, tax dodging multinational businesses, and individuals hiding their assets offshore.

In an announcement made on March 3rd the Minister of Finance of France Michael Sapin announced that in 2015 the national tax authorities have seen a significant increase in the amount of tax revenues recovered from tax evaders.

Over the course of 2015 tax authorities uncovered tax evasion worth an estimated EUR 21.2 billion, a marked increase over the EUR 19.3 billion uncovered in 2014.

An estimated EUR 2...

Read More