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Airbnb, Amazon land on French Senate's tax radar as sales soar

This is part of an effort by countries to come to grips with booming Web-based shared economy and marketplaces

Published Tue, Jun 16, 2015 · 09:50 PM
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Paris

FRANCE is trying to squeeze more out of Web businesses such as eBay Inc, Amazon.com Inc and Airbnb Inc.

Soaring online sales and the use of the Internet giants by smaller businesses as a marketplace for goods and services is prompting the French Senate to look for ways collect more taxes from them and help Francois Hollande's government narrow its budget gap.

French online sales may grow nearly 10 per cent this year to 62 billion euros (S$94 billion), according to the FEVAD, the country's e-commerce business group. The Senate's finance committee wants the state to get a bigger slice of that pie throug…

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