The French government has asked for a report that will outline ways to stop multinational companies dodging taxes, a practice that indirectly stifles local companies, culture minister Aurelie Filippetti said.
European countries have been stepping up efforts to clamp down on companies, mostly from the United States, which minimize their tax bills by channeling profit through low-tax regimes.Link to Virgin Megastore story:Her comments came as books-to-music retailer Virgin Megastore France prepared to file for insolvency on Wednesday, becoming the latest victim of a slump in CD and DVD sales as consumers buy more content online.
And of course a reference to our good selves:
So - is this an ill wind travelling our way? Causing potential issues to the longterm residence of our FDI and the jobs? The USA are getting a bit angsty about this also I think?Internet group Google is also under audit by the French tax authority about a structure which channels sales through Ireland.