US Launches Investigation Into France’s Plan To Tax Tech Companies
French Finance Minister Bruno Le Maire said in March that a 3% tax on the French revenue of large internet companies could yield 500 million euros ($563 million) a year.
Dubbed the GAFA tax, an acronym for Google, Apple, Facebook and Amazon, the law will levy a 3% tax on total annual revenues of the largest tech firms providing services to French consumers. Photo: AFP/File
https://www.theyouthtimes.com/news-details/5723/France-Passes-Law-Taxing-Digital-Giants-In-Defiance-Of-US-Anger
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