"Google, Apple, Facebook, Amazon" Tax In France To Regulate Tech Giants

France has been pushing hard for a new so-called "GAFA tax" -- named after Google, Apple, Facebook and Amazon -- to ensure the global giants pay a fair share of taxes on their massive businesses in Europe.

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'Google, Apple, Facebook, Amazon' Tax In France To Regulate Tech Giants

France said the new tax on the internet and tech firms would raise 570 million dollars in 2019. (FILE)


PARIS: 

France will introduce its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said today amid difficulties in finalising a new EU-wide levy.

France has been pushing hard for a new so-called "GAFA tax" -- named after Google, Apple, Facebook and Amazon -- to ensure the global giants pay a fair share of taxes on their massive businesses in Europe.

The Finance Minister said the new tax would raise 500 million euros (570 million dollars) in 2019.



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