France to introduce 5% digital tax

France intends to tax the revenue of about 30 internet giants, such as Amazon, to help ensure “fiscal justice,” according to the country’s Finance Minister Bruno Le Maire.

A 3-5% tax on the French revenue of large internet companies could yield France €500m per year, Mr Le Maire said yesterday. He said the tax is aimed at companies with worldwide digital revenue of at least €750m and French revenue of more than €25m.