France Becomes One of the First Countries to Introduce Digital Tax

France Becomes One of the First Countries to Introduce Digital Tax
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The French Parliament adopted on Thursday, by a final vote of the Senate, the introduction of a tax on GAFA

Floryday WW

– 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 pay to the eurozone second largest power to unilaterally tax internet giants by three percent on much of their digital sales in France

– This 3 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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