This Sept 28, 2017 photo, shows a smartphone being operated in front of GAFA logos (acronym for Google, Apple, Facebook and Amazon web giants) as background in Hédé-Bazouges, western France. (DAMIEN MEYER / AFP)
PARIS — The French government is unveiling plans to slap a 3 percent tax on the French revenues of internet giants like Google, Amazon and Facebook.
Finance Minister Bruno Le Maire said that about 30 companies, mostly based from the US, but also from China and Europe, will be affected
Finance Minister Bruno Le Maire is presenting the bill during Wednesday's weekly Cabinet meeting before it heads to Parliament.
The bill outlines how digital companies with worldwide revenue over 750 million euros (US$848 million) including French revenue over 25 million euros will be taxed.
Le Maire said in Le Parisien newspaper Sunday that about 30 companies, mostly based from the US, but also from China and Europe, will be affected.
He estimates it will raise about 500 million euros a year.
France decided to implement the tax after a similar proposal at the European Union level failed to get unanimous support from member states.
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