French President Nicolas Sarkozy said on Wednesday he wants "Internet giants" to pay tax in France, shortly before he was due to meet the founder of the micro-blogging site Twitter.
"It is unacceptable that they have a turnover of several billion euros in France without paying tax," he told Le Point magazine, adding that the French government should consider taxing online advertising revenues.
That'll be interesting to see how they do it without the 'Internet Giants' moving out of the region. Perhaps that's how they are doing it, by clever accounting.
Msg#: 4429436 posted 12:49 am on Mar 17, 2012 (gmt 0)
hmmm, I think I might be cinical, but I think all that he said was:
Internet Advertising Giants, come to France. I'm to follow suit with the Americans and play crony capitalism, whereby I'm going to get a tax passed on 'internet advertising' but in reality what that will do is create a tax on 'small internet advertising companies', while the Global Giants use 8 digit legal budgets to find loopholes in the law to not pay taxes, thus eliminating the competition for the giants while supposedly 'battling them' in the face of the public.