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France will implement its 3% digital tax in absence of global tax treaty

France, phones, Mona Lisa

France will impose a 3% digital tax, colloquially known as "Les GAFA" (after Google, Apple, Facebook, Amazon), on digital companies that have a revenue of more than €25 million in France, and more than €750 million worldwide irrespective of whether or not an international deal on such a levy progressed, French Finance Minister Bruno Le Maire said, per a Reuters report. This is similar to the 2% equalisation levy that the Indian government brought into effect on April 1, 2020, which is imposed on the sale of goods or services by a non-resident e-commerce operator in India. The Indian government had imposed a 6% equalisation levy on digital advertising services offered by non-resident providers in 2016. When this tax was approved in July 2019 by the French Senate, this was meant to be a temporary solution, a placeholder until the…

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