Amazon Agrees to Pay France's New Exceptional Tax Despite Concerns

Amazon France's CEO warns that the new tax could impact the country's fiscal attractiveness.

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.