Sign up
Log in
George
France-Digital Giants/Tax
FILE: Paris, France - March 26-27, 2019 (CCTV - No access Chinese mainland)
1. Various of Arc de Triomphe, national flag of France
FILE: Paris, France - Oct 30, 2017 (CCTV - No access Chinese mainland)
2. Eiffel Tower
FILE: Los Angeles, USA - Feb 22, 2017 (CGTN - No access Chinese mainland)
3. Various of logos of Google
FILE: California, USA - Date Unknown (CGTN - No access Chinese mainland)
4. People at Google headquarters
FILE: London, UK - Oct 16, 2012 (CCTV - No access Chinese mainland)
5. Google logo
FILE: Paris, France - Oct 16, 2012 (CCTV - No access Chinese mainland)
6. Screen showing Google search engine, personal profiles on Google search engine
FILE: Date and Location Unknown (CGTN - No access Chinese mainland)
7. Various of Facebook page
FILE: Date and Location Unknown (CCTV - No access Chinese mainland)
8. Mobile phone screen showing Facebook, other social media apps
FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
9. Various of people using Facebook app through cell phones, computers
FILE: Mountain View, California, USA - Date Unknown (CGTN - No access Chinese mainland)
10. Various of sign outside Facebook headquarters
FILE: Warsaw, Poland - May 22, 2018 (CCTV - No access Chinese mainland)
11. Various of people using mobile phones
FILE: USA - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
12. Amazon office building
FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
13. Various of Amazon's off-line bookstore, customers
The French Parliament adopted Thursday, by a final vote of the Senate, a law of introducing a tax on "GAFA", making France one of the first countries to impose a tax on digital giants.
The GAFA is an acronym for Google, Apple, Facebook and Amazon.
GAFA tax targets digital companies with global annual sales of more than 750 million euros (845.6 million U.S. dollars) and sales in France of at least 25 million euros (28.15 million U.S. dollars).
The new law paves the way for the eurozone's second largest economy to unilaterally levy a 3-percent tax on much of the internet giants' digital sales in France related to advertising and other revenues.
The tax draft was initially adopted by the National Assembly, the lower house of parliament, on July 4.
Introduced in France as of Jan. 1, 2019, this 3 percent tax on digital gross sales would help the country to collect 400 million euros this year and 650 million euros by 2022.
France-Digital Giants/Tax
Dateline : July 11, 2019/File
Location : France
Duration : 1'49
FILE: Paris, France - March 26-27, 2019 (CCTV - No access Chinese mainland)
1. Various of Arc de Triomphe, national flag of France
FILE: Paris, France - Oct 30, 2017 (CCTV - No access Chinese mainland)
2. Eiffel Tower
FILE: Los Angeles, USA - Feb 22, 2017 (CGTN - No access Chinese mainland)
3. Various of logos of Google
FILE: California, USA - Date Unknown (CGTN - No access Chinese mainland)
4. People at Google headquarters
FILE: London, UK - Oct 16, 2012 (CCTV - No access Chinese mainland)
5. Google logo
FILE: Paris, France - Oct 16, 2012 (CCTV - No access Chinese mainland)
6. Screen showing Google search engine, personal profiles on Google search engine
FILE: Date and Location Unknown (CGTN - No access Chinese mainland)
7. Various of Facebook page
FILE: Date and Location Unknown (CCTV - No access Chinese mainland)
8. Mobile phone screen showing Facebook, other social media apps
FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
9. Various of people using Facebook app through cell phones, computers
FILE: Mountain View, California, USA - Date Unknown (CGTN - No access Chinese mainland)
10. Various of sign outside Facebook headquarters
FILE: Warsaw, Poland - May 22, 2018 (CCTV - No access Chinese mainland)
11. Various of people using mobile phones
FILE: USA - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
12. Amazon office building
FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
13. Various of Amazon's off-line bookstore, customers
The French Parliament adopted Thursday, by a final vote of the Senate, a law of introducing a tax on "GAFA", making France one of the first countries to impose a tax on digital giants.
The GAFA is an acronym for Google, Apple, Facebook and Amazon.
GAFA tax targets digital companies with global annual sales of more than 750 million euros (845.6 million U.S. dollars) and sales in France of at least 25 million euros (28.15 million U.S. dollars).
The new law paves the way for the eurozone's second largest economy to unilaterally levy a 3-percent tax on much of the internet giants' digital sales in France related to advertising and other revenues.
The tax draft was initially adopted by the National Assembly, the lower house of parliament, on July 4.
Introduced in France as of Jan. 1, 2019, this 3 percent tax on digital gross sales would help the country to collect 400 million euros this year and 650 million euros by 2022.
ID : 8115795
Published : 2019-07-12 11:57
Last Modified : 2019-07-12 18:23:00
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
More
