Overview

• Amazon France's CEO, Frédéric Duval, confirmed the company will comply with the new tax if it is enacted.
• The French government plans to impose a temporary tax on large corporations' profits over the next two years.
• Duval expressed concerns that this tax could diminish France's appeal as a business-friendly environment.
• Amazon France currently pays over 500 million euros in taxes annually on nearly 10 billion euros in revenue.
• The decision to implement the tax was approved by the French finance committee last Friday.