13:32 GMT +327 June 2019
Listen Live
    Facebook hand

    France to Introduce New Tax on Tech Giants - Reports

    Get short URL

    Earlier, France has been actively promoting its "GAFA tax" named after four tech giants, Google, Apple, Facebook and Amazon, which will make the corporations pay taxes on their huge Europe-based businesses.

    French Finance Minister Bruno Le Maire announced Monday that France will introduce a new tax in January targeting key internet and tech corporations.

    According to the official, the new tax is expected to raise 500 million euros (570 million dollars) next year.

    READ MORE: Facebook Denies Claims of Selling User Data Amid Internal Documents Release

    The French minister's statement comes shortly after reports published earlier in the day that India was exploring the possibility of imposing taxes on Google and Facebook for their paid services, including advertisements sold to local clients.


    Professor on Yellow Vests Movement in France: It May Have Lost Momentum
    France Found No Signs of Russia's Alleged Involvement in Protests - Media
    Leftist Party France Unbowed Leader Expects 'Yellow Vests' Protests to Continue
    tax, Facebook, Google, Bruno Le Maire, France
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik