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France Targets Google, Amazon and Facebook with 3% Digital Tax

2019/04/09

 

The French government on Wednesday introduced a tax aimed at internet giants like Google, Amazon and Facebook, forging ahead with stricter regulation on big tech without broad-based support from the European Union.The 3 percent tax will apply to the French revenues of roughly 30 major companies, mostly from the US France's Finance Minister Bruno Le Maire estimated the tax will raise roughly 500 million EUR (565 million USD) per year. Other countries including the U.K., Germany and Spain are also working on their own digital tax measures.

Source: www.cnbc.com




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