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The “Gaffa tax” should bring 670 million euros to the state in 2023

the recipes ofGafa tax“Keep growing. The French government expects to raise 670 million euros in 2023 under the tax, which primarily targets digital giants, according to a budget document consulted by AFP on Wednesday. In the absence of an OECD agreement to reform the global taxation of tech firms, France introduced a national tax in 2019 that aims to capture some of the wealth created by Google, Apple, Facebook or Amazon (often abbreviated Gaffa). . Other countries such as Spain and Great Britain have also created a similar tax.

The French tax is destined to disappear when the reform of international taxation comes into force, which was finally adopted at the end of 2021 under the auspices of the OECD with great fanfare, the Ministry of Economy has confirmed several times. However, this reform has been slow to become law internationally. Bercy, meanwhile, expected to receive 518 million euros from the deal at the start of the year in 2022.digital services tax“At the end of the year, receipts should eventually reach 591 million. Taking into account the good financial results of these taxable companies, revenues should increase to 670 million in 2023. In 2021, they amounted to 474 million euros.

Overall, government revenues (tax and non-tax) should increase by 5 billion euros in 2023, reaching 345.1 billion. Tax revenues alone, however, are set to fall by €800 million to €314.3 billion, a sharp drop in VAT (-€4.7 billion compared to 2022) and corporate tax (-3.8 billion) :

Source: Le Figaro

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