France to ‘fight’ for Amazon inclusion in digital tax

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AFP

Paris (AFP) – France said Wednesday it would make sure that internet commerce giant Amazon is subject to a minimum global tax endorsed by the Group of Seven wealthy nations. According to the plan, countries would be allowed to tax a share of the profits of the most profitable companies in the world at a rate of at least 15 percent, regardless of where they are based. This would apply, however, only to companies whose profit margins exceed 10 percent. Despite Amazon’s colossal footprint and a market capitalisation of more than $1 trillion, its profit margin last year amounted to just 6.3 percen…

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