The French government is poised to implement a new “digital tax” on large corporations -such as Google, Amazon and others- that generate a substantial amount of revenue through online sales and shipping.
“The levy of as much as 5 percent of French sales will start Jan. 1 and potentially raise about 500 million euros ($570 million) for the state,” reports Bloomberg. “Under the plan, which the cabinet will discuss on Wednesday, the tax will apply to any company with global revenue of more than 750 million euros and French sales above 25 million euros.”
The new tax scheme comes just months after the so-called ‘Yellow Vest’ protests swept through France, with angry residents clashing with police over high energy costs, massive taxes, lack of employment, and other issues.
French President Emmanuel Macron has vowed to overhaul the nation’s tax code in recent weeks but is struggling to cope with plummeting poll numbers and a series of economic challenges.
Read the full report at Bloomberg.
FRANCE BRACES: Security Forces Deployed as Yellow Vest Protesters Eye Versailles
French authorities are bracing for another weekend of violent demonstrations throughout the country, with Yellow Vest organizers eyeing the ex-royal city of Versailles as their next target in the anti-Macron movement.
“The Versailles chateau and gardens, a symbol of French state power and one of Europe’s top tourist attractions, will be closed on Saturday as authorities expect hundreds of protesters in the wealthy suburb, 20 km (12 miles) west of Paris,” writes Reuters.
Thousands of demonstrators have shut down key tourist attractions throughout Paris -such as the Eiffel Tower- as well as bridges, highways, and toll booths across France.
Versailles was a historically pivotal site during the 1789 French Revolution that ultimately led to the end of Royal-rule dating back centuries.
Read the full report at Reuters.
FRANCE ON EDGE: Paris Deploys 12,000 Police as ‘Yellow Vest’ Movement Plans New Year’s Protests
French officials confirmed Monday their plans to deploy over 12,000 police officers to the streets of Paris for the nation’s New Year’s Eve celebrations; warning residents of a renewed wave of massive anti-Macron “Yellow Vest” demonstrations.
“Nearly 150,000 police are set to be on duty around France on New Year’s Eve when ‘yellow vest’ protesters have called for another round of anti-government demonstrations,” writes Yahoo News. “France remains on high alert due to the threat of terrorism, with the latest attack dating to December 11 when five people were killed by a gunman at a Christmas market in Strasbourg.”
“What can we expect? Disorder,” said Interior Minister Christophe Castaner. “What I see with the ‘yellow vests’ is a desire to be harmful, not to demonstrate.”
Read the full report at Yahoo News.