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France passes law taxing digital giants

IndiaTimes Thursday, 11 July 2019 ()
France on Thursday became the first major economy to impose a tax on digital giants, with parliament passing the legislation in defiance of a probe ordered by President Donald Trump that could trigger reprisal tariffs. The legislation -- dubbed the GAFA tax -- an acronym for Google, Apple, Facebook and Amazon -- was passed by a simple show of hands in the Senate upper house after previously being passed by the National Assembly lower chamber.
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News video: France levies 3 percent tax on major tech firms

France levies 3 percent tax on major tech firms 02:30

France passes a law to tax digital giants, defying of US anger.

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