The French Parliament on Thursday adopted, by a final vote of the Senate, the introduction of digital tax on Google, Apple Facebook and Amazon (GAFA), making France one of the first countries to impose a tax on the digital giants.
The digital tax is endorsed by the opposition-controlled upper house, paving the way for one of Europe’s largest powers to unilaterally tax internet giants by three per cent on much of their digital sales in France.
This is related to advertising, websites and the resale of private data.
The tax was initially adopted by the National Assembly, the lower house of parliament, on July 4.
GAFA targets digital companies with global annual sales of more than 750 million euros ($845.6 million) and sales in France of at least 25 million euros.
Introduced in France from Jan. 1, this three per cent tax on digital gross sales would help to collect 400 million euros in 2019 and 650 million euros by 2022.