French lawmakers approve 3% tax on online giants

PARIS (AP) — France’s lower house of parliament has approved a pioneering tax on internet giants like Google, Amazon and Facebook.
The bill adopted Thursday aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax EU countries. Currently, the companies pay nearly no tax in countries where they have large sales like France.
The bill foresees a 3% tax on the French revenues of digital companies with global revenue of more than 750 million euros ($847 millio