The French parliament has just approved a 3% digital sales tax aimed at closing the loopholes big tech companies use to bring down their tax bills.
The plan: The tax on sales generated in France will apply to companies with global revenues over €750 million ($849 million) or French revenues over €25 million. It is expected to raise about €500 million a year.
A backlash: Inevitably, most of the companies affected are based in the US. It’s for that reason that the US government has ordered an inquiry into the new tax, with the potential to implement tariffs on French goods in retaliation.
First of many: The low tax yield from wealthy global tech firms is controversial far beyond France. The UK, Spain, Italy, and Austria are considering similar sales taxes, raising the question of how the US will respond if they take effect. Perhaps it might even prompt countries to finally agree on some common tax rules.
source: MIT Technology Review and Wall Street Journal
There will be a meeting of the VWDB Executive Committee at 8:00am on July 9, 2019. Location: Victory Salon (2nd Floor), 1255 S. Central Ave, Glendale 91204. Please RSVP to Diana Antonio (818) 937-8081, dantonioATglendaleca.gov
There will be a meeting of the Full Board at 8:30am on July 9, 2019. Location: 1255 S. Central Ave, Glendale 91204. Please RSVP to Diana Antonio (818) 937-8081, dantonioATglendaleca.gov
The Employment Development Department (EDD) has released revised and preliminary civilian labor force and industry employment estimates for LA County.
The narrative is linked below, and other employment and unemployment statistics, will be available on the EDD Internet site at www.labormarketinfo.edd.ca.gov
The Verdugo CNC Machinist Academy at Glendale Community College provides hands-on training for adults (18 and over) in the high demand job of Computer Numerical Control (CNC) Machinist. The Academy is designed to train adults with disabilities who want to enter the manufacturing industry. Adults with Autism Spectrum Disorders are encouraged to apply!
Interested in more information? Contact Tina Hartyon at the Verdugo Jobs Center (818) 937-8080 ▪ email@example.com