News24

Sarkozy wants web giants to pay tax

2012-03-15 07:27

Paris - French President Nicolas Sarkozy said on Wednesday he wants "internet giants" to pay tax in France, shortly before he was due to meet the founder of the micro-blogging site Twitter.

"It is unacceptable that they have a turnover of several billion euros in France without paying tax," he told Le Point magazine, adding that the French government should consider taxing online advertising revenues.

French lawmakers in 2011 rejected plans for a proposed tax on online advertising revenues, fearing the project would hurt small local companies more than global internet giants like Google, Facebook or Twitter.

The president's comment came as Twitter co-founder Jack Dorsey was in Paris to meet with French presidential candidates, including Sarkozy.

Earlier Dorsey had met the front-running Socialist candidate Francois Hollande and with centrist Francois Bayrou, and he was due to meet Sarkozy later in the day.

Hollande's campaign team said the candidate and Dorsey discussed the development of innovative companies in France and the internet sector.