For Spotify, France has become a “tax-up nation”

by time news

2023-12-14 20:33:58

The Swedish giant is not angry with the new streaming tax imposed by the French state on platforms.

It’s a decision that doesn’t work at all. “A monumental strategic error », even thundered Antoine Monin, the general director of Spotify France at the microphone of Franceinfo Thursday morning. Since the government announced the evening before the implementation of a tax on the turnover of online music listening platforms from 2024, the leader in music streaming services has not lost its temper. “France dreamed of being a “start-up nation”, it wakes up as a “tax-up nation” », castigated the leader. And to continue: “The adoption of this tax is really a blow to the music sector, to innovation and to European independent platforms like Spotify or Deezer.»

Wanted by President Macron, this compulsory contribution, which must finance the sector, will be “based on a very low levy rate on platform turnover» of streaming concerned, indicated the Ministry of Culture. Without specifying the amount…

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