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France Recommends to EU to Tax U.S. Internet Companies

France plans to push for new Europe-wide regulations and tax rules on U.S. Internet giants when European Union leaders meet next month to discuss the bloc’s digital challenges.

According to The Wall Street Journal, France is calling on the European Commission, the bloc’s executive arm, to draw up proposals by spring 2014 aimed at “establishing a tax regime for digital companies that ensures that the profits they make on the European market are subject to taxation and that the revenues are shared between the Member States, linking the tax base to the place where the profits are made.”

Source: Allthingd.com

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