France is preparing to levy taxes on Alphabet, Apple, Facebook and Amazon.
French Minister of Economy Bruno Le Maire said during a press conference on Monday that the GAFA (Google, Apple, Facebook, Amazon) Tav will go in effect on January 1st.
Indeed, European Comission proposed in March to impose taxes of 3% on tech firms that has a global net worth of €750.
But the proces stalled due to some disagreements among some member states such as Ireland and The Netherlands.
UK, and now France, are preparing to place its own taxes on tech firms.
British Chancellor Phillip Hammond stated in October that they are planning on placing a ‘digital services tax’ on big tech firms that do business in The UK.
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