Amazon Raises Seller Fees in France by 3%
Amazon is increasing seller fees on its French marketplace by 3% to offset the digital tax imposed by the government of France.
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The online retail giant has informed small and medium-sized businesses on its eCommerce platform of the fee hike starting in October, saying it had no choice but to pass it down to them.
The new tax law applies to all companies that generate €750 million or more in global revenue and €25 million in France. Tech giants Google, Amazon, and Facebook rallied behind President Donald Trump in yesterday’s public hearing which was held in connection with the investigation of the digital tax. They claimed that it has unfairly targeted US companies.
Trump ordered the investigation and threatened the French government that their decision will face a reciprocal action.
The French officials, however, believe that the new tax law will level the playing field and generate €500 million euros annually.
“The fact that such companies pay less tax in France than a large bakery or a cheese producer in Quercy creates a real problem.” – Bruno Le Maire, Finance Minister, France
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Dave Furness
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.