The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
France made some big news recently in the world of global taxation. It enacted a tax targeting large U.S. tech companies – including Facebook, Amazon, Google and Apple – that are earning massive global profits. For years these multinational enterprises have avoided paying corporate taxes in the U.S., thanks to shell operations in tax havens like the Bahamas and the Cayman Islands. But France is tired of seeing these companies get away with large-scale tax avoidance. It’s not just France, however. More than 20 European countries are poised to impose digital taxes on large U.S. tech companies.
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