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France Introduced GAFA Tax On Global Internet, Technology Firm

France Introduced GAFA Tax On Global Internet, Technology Firm_50.1

The finance minister of France Bruno Le Maire announced that France will introduce its own tax on large internet and technology companies from January 1.

France has been pushing hard for a new so-called “GAFA tax” — named after Google, Apple, Facebook and Amazon — to ensure the global giants pay a fair share of taxes on their massive business operations in Europe. 

Source- The Livemint

Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:

  • Emmanuel Macron is the President of France. 
  • He becomes the youngest President of France. 
  • Paris is the capital city of France. 

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