French tax

UBS reserves 450 million euros for the French tax file

Through Brenna Hughes Neghaiwi FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz, Switzerland February 10, 2017. REUTERS/Stefano Rellandini/File Photo ZURICH (Reuters) – Switzerland’s biggest bank, UBS, announced on Friday an increase of nearly $400 million in its litigation provisions after a French court fined it 4.5 billion euros ( $5.09 […]

French tax

The French tax on internet giants could bring in 500 million euros per year: Le Maire

PARIS (Reuters) – A 3% tax on French income from large internet companies could bring in 500 million euros (£ 568.5 million) a year, French Finance Minister Bruno Le Maire said on Sunday. The Mayor told Le Parisien newspaper that the tax targeted companies with global digital turnover of at least 750 million euros and […]