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French Minister of Economy and Finance Presents Draft Bill on Taxation of Large Digital Companies Including Change in Corporate Rate for Large Companies

|Proposed Changes|France
France

On 6 March 2019, the French Minister of Economy and Finance, Bruno Le Maire, presented the draft bill on the taxation of large digital companies, which also includes a change in the corporate tax rate for large companies.

The first part of the bill provides for the introduction of a new digital services tax (DST), which is in line with previous announcements including a 3% tax on the revenue of large digital companies from targeted online advertising, the sale of collected user data for adv…

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