Tax in France: the revenues of music streaming platforms taxed from 2024
The government announced, on Wednesday, December 13, the implementation from 2024 of a tax on the turnover of online music listening platforms.
This mandatory contribution must finance the sector. It will be “based on a very low levy rate on the turnover of the streaming platforms” concerned, the Ministry of Culture told AFP.
The exact terms of the tax have not yet been disclosed, nor the annual amount that it should bring in and which should finance the sector.
An “unfair” tax
Guest of France Info this morning, Antoine Monin, the head of Spotify in France, denounced an “unfair” tax that favors, in the end, the giants of the web.
It is “a monumental strategic error that goes against the challenges of European economic, cultural and technological sovereignty” he said.
And to warn about the fact that the Swedish company, launched in 2006 and has become number 1 in the world of online music, is “not yet profitable”.
The subject of a tax divides us
“Honestly, Spotify will have the means to absorb this tax, but Spotify will divest France and invest in other markets. France does not encourage innovation and investment,” he also says. He assures that “France will no longer be a priority for Spotify”.
The subject of a streaming tax has divided the French music industry for more than a year.
Six organizations had welcomed the positive vote in the Senate in November, during the examination of the 2024 budget proposal. Platforms such as Deezer and the number one Spotify are also fighting this measure.
Opponents of the tax plead for a voluntary contribution, claiming again Wednesday in a joint statement that they had reached an agreement, bringing together Apple, Deezer, Meta, Spotify, YouTube and TikTok, to mobilize “more than 14 million euros” in 2025.