US EditionBudget 2026: Assembly Increases the "Gafam Tax" Before the End of the Week on the Zucman Tax
9 Articles
9 Articles
On Tuesday evening, MEPs voted for a doubling of the Gafam tax from 3 to 6%, and they also adopted an amendment introducing a "universal tax" on multinationals, a measure which, according to the government, amounts to "pulling a bullet in the foot of French companies".
On Tuesday evening, the French MEPs reinforced the taxation of large technology companies, despite fears of American reprisals In the middle of a battle over taxation on the
Currently set at 3%, this tax, which specifically fixes the big tech companies, was initially to be multiplied by five. But under the pressure of elected officials who put the risk of a commercial war with Donald Trump's US, the rate adopted by the U.S., was to be increased by...
In committee, the macroeconomic elected representatives had proposed to raise the rate from 3% to 15%, before waning in session and supporting a compromise to 6%.
US tech giants are going to have to pay. On Tuesday, October 28, during budget discussions, members of parliament voted on an amendment to double the GAFA tax. This tax, paid by large companies such as Google, Facebook, and Amazon, will see its rate increase from 3% to 6%. This new tax will now apply to companies with revenues of at least €2 billion, compared to €750 million previously. "This measure aims to ensure a (...) Read more In brief / …
TAXES. We thought we had seen everything, well no! After running a government for 14 hours, then getting a second chance, Mr Lecornu decided to suspend the pension reform and increase taxes to avoid the motion of censure.
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