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

Botswana: Lucara concludes a new agreement with HB and Louis Vuitton for the polishing of the "Sethunya"

HB will produce an “extraordinary” collection of polished diamonds for Louis Vuitton, thanks to “Sethunya”, a rough recovered in Karowe in Botswana. This is the announcement made by Lucara that will obtain a consideration consisting of the purchase price and a supplement on the sale of the jewelry.

Lucara concludes a new agreement with HB and Louis Vuitton for the polishing of the "Sethunya"

The Canadian mining company Lucara Diamond announced on November 4, 2020, the conclusion of a new agreement with its two partners Louis Vuitton and HB regarding its gem called "Sethunya". Under the terms of the contract, the Belgian company HB, based in Antwerp, will take care of the polishing of the rough diamond recovered last February, in order to create jewelry that will be exclusively intended for Louis Vuitton, the famous luxury house.

“We are extremely pleased to build on the innovative partnership established for the processing of SewelĂ´ at the start of the year […] and to transform Sethunya, a rough diamond of 549 carats from Karowe, of exceptional purity and color. , into a collection of extraordinary, bespoke polished diamonds, exclusively catering to the desires of Louis Vuitton's global customer base, ”said Eira Thomas, CEO of Lucara. 



Note that the company will receive an amount equivalent to the value of the polished diamond, estimated using different HB technologies. A second consideration will be paid and will correspond to an increase on the actual price of the jewelry sold by LV, less a royalty and the cost of polishing.