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France Passes Controversial Google, Facebook Tax

France Passes Controversial Google, Facebook Tax

The legislation will impose a 3 percent levy on tech giants with at least $845 million (750 million euros) in global revenue with sales totaling $28 (25 million euros) in France. France's controversial tech tax is now law. The so-called “GAFA tax” – because it targets companies including Google, Apple, Facebook and Amazon – will impose a 3 percent levy on tech giants with at least $845 million (750 million euros) in global revenue with sales totaling $28 (25 million euros) in France. The law applies to digital platforms that connect users in transactions – like Airbnb and Uber – and...

July 11, 2019
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