GAFA tax

    • GAFA tax becomes law,  US launches investigation

      GAFA tax becomes law, US launches investigation

      France became the first major economy to impose a tax on internet heavyweights, as on 11 July the parliament definitively adopted the GAFA law, an acronym for Google, Apple, Facebook and Amazon. The 3% tax on the French revenue of large internet companies could yield €500m a year. The tax would target some 30 companies, mostly American but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies.

      113