France imposes GAFA tax on tech giants, US concerned
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France imposes GAFA tax on tech giants, US concerned

International   |   Glibs Quick   |   about 2 months ago

In a major new reform, France has imposed a tax on digital giants, including Google, Apple, Facebook and Amazon. The French Parliament has now passed the legislation. This makes France one of the first countries to impose a tax on digital giants. Meanwhile, the US government has announced that they are launching an investigation into French proposed tax on major corporations. The GAFA tax as it is being referred to in social media will fetch upto 500 million euros by year 2020.President Trump has expressed concern that the tax will unfairly target American tech giants. tax will generate up to 500 million euros by 2020

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