The EU has gone after companies like Apple as part of a crackdown on what it views as unethical tax avoidance. As part of that mission, France is today debating a draft GAFA tax law.
An acronym derived from Google, Apple, Facebook and Amazon, the proposed GAFA law could put a 3 percent tax on revenues for tech companies with annual revenue of more than 750 million euros ($842 million). From the name of the proposed law, it’s no secret which companies that would involve.
