GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Brexit: UK finance jobs haemorrhaged

In the stricken finance sector, 7,500 jobs have already left the United Kingdom. And for "more than 1.2 trillion pounds" of assets of 24 financial companies should be transferred to the European Union. 

Brexit: UK finance jobs haemorrhaged

The finance labor market has been battered to say the least since the Brexit vote was voted over 4 years ago. Due to the prospect of the United Kingdom's exit from the European Union, more than 7,500 jobs in finance have been relocated since that date from Great Britain to Europe to date, estimates the firm EY in a study . EY also points out that 24 financial firms have said they will transfer assets from the UK to the EU, without publishing the value, but the consulting firm estimates their amount at "more than 1.2 trillion pounds".

"With three months to the end of the post-Brexit transition period, and as uncertainty looms over a possible trade deal between London and Brussels," financial services companies are finishing their preparations and continuing to relocate staff and activities in Europe ", comments EY. About a year ago, EY reported 7,000 jobs in a similar study. In addition, "since the referendum, 44 companies have announced plans to hire locally or create new roles in Europe, which represents more than 2,850 jobs", specifies EY, with some 400 hires since the start of the year in Dublin, mainly in Luxembourg, Frankfurt and Paris.

UK-based banks, mostly in London, have applied for licenses in continental Europe to continue serving customers on both sides of the Channel. At the start of 2020, Luxembourg claimed some sixty business relocations on its territory. The KPMG cabinet estimated them at the same period at 65 for the Duchy, against 64 for Ireland, and 30 in the Netherlands and France each.

At the same time, in January, the place of Paris claimed to have already benefited from the relocation of 4,000 direct jobs. In addition, more than 60 financial institutions "are in the process of establishing or considerably strengthening their presence in Germany," German supervisor of banks, Bafin.