Tax for internet companies

16:00, Jan 20 2013

The French Government is preparing a new law that would change the way internet giants such as Google and Amazon are taxed in France, according to a French media report.

Citing a French finance ministry report entitled Taxation of the Digital Economy, newspaper Les Echos said the government would seek to tax the user data that web companies collected in the course of their businesses.

New Zealand Revenue Minister Peter Dunne last month ordered Inland Revenue to back the Organisation for Economic Co-operation and Development in its effort to stamp out rampant tax avoidance by multinationals operating principally in the digital economy.

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