France imposes digital tax on Google, Apple, Facebook, Amazon

By Mod
6 days ago
77
World

France imposes digital tax on Google, Apple, Facebook and Amazon (GAFA)France imposes digital tax on Google, Apple, Facebook and Amazon (GAFA) 

The French Parliament on Thursday adopted, by a final vote of the Senate, the introduction of a tax on `GAFA’, making France one of the first countries to impose a tax on digital giants.

The GAFA tax refers to an acronym for Google, Apple, Facebook and Amazon.

The digital tax is endorsed by the opposition-controlled upper house, paving the way to the eurozone second largest power to unilaterally tax internet giants by three per cent on much of their digital sales in France.

This is related to advertising, websites and the resale of private data.

The tax was initially adopted by the National Assembly, the lower house of parliament, on July 4.

GAFA targets digital companies with global annual sales of more than 750 million euros ($845.6 million) and sales in France of at least 25 million euros.

Introduced in France from Jan. 1, this three per cent tax on digital gross sales would help to collect 400 million euros this year and 650 million euros by 2022.





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Its okay 


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John Chibuike
5 days ago
It Is Still Ok
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Usmansulaiman
5 days ago

They have to pay tax


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Wisdom Nna
5 days ago

It something new and nice 


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it is okay
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It's awesome 


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That's the importance of law 


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Victoria Shaba
5 days ago

Is ok


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Lucky Friday
5 days ago
The have to pay,
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Thats the way they want it


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Bassey Eduon
5 days ago
dem go soon hear am when de begin the pay for all the countries
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That's Another another way of generating tax well-done france


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Its okay


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They need the money


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Very thoughtful if them


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Maka T. Joshua
5 days ago

I think Nigeria should do so . 


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well thy make lots of money they should be able to pay and still keep afloat..


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ABU ANTHONY O
5 days ago

tax is a must now ooo


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Isn't this tax much


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Good idea


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