EazyMoh:

It's 3% of the profit made in France that France is collecting. So if every country charges 3% at the end GAFA will end up paying just 3% of their global total profits. This is far less than tax charged on companies like telecoms and internet providers which in effect contribute more to the economy by employing the citizens of the country in large numbers.

Mk12:

lol
America has started the process of retaliatory tariff on France.
that was how China started by placing ban on America tech companies but when America retaliated, they started crying to the whole world.

one thing about America is you won't hear them trying to seek public sympathy

Gentlewarrior1:
Nice one

Naija should follow suit especially facebook. Our youths and upcoming generation too like facebook hence we patronize then wella

Not to forget many Nigerians also adcertise their businesses on there and pay in naira

Its about time they pay tax.
Las las even if them pay tax e go enter voicemail

Onyemadonald:
The French Parliament on Thursday adopted, by a final vote of the Senate, the introduction of a tax on `GAFA’, making France one of the first countries to impose a tax on digital giants.

The GAFA tax refers to an acronym for Google, Apple, Facebook and Amazon.

The digital tax is endorsed by the opposition-controlled upper house, paving the way to the eurozone second largest power 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 this year and 650 million euros by 2022.

SOURCE: https://www.trendingaccounting.com/2019/07/france-imposes-digital-tax-on-google.html

Gentlewarrior1:
Nice one

Naija should follow suit especially facebook. Our youths and upcoming generation too like facebook hence we patronize then wella

Not to forget many Nigerians also advertise their products on there and pay facebook in naira

Its about time they pay tax.
But las las even if them pay tax e go enter voicemail

olajide8:


Interesting times I expect more European countries to levy taxes on them - let's see how trump would feel after he banned Huawei in the US

Onyemadonald:
The French Parliament on Thursday adopted, by a final vote of the Senate, the introduction of a tax on `GAFA’, making France one of the first countries to impose a tax on digital giants.

The GAFA tax refers to an acronym for Google, Apple, Facebook and Amazon.

The digital tax is endorsed by the opposition-controlled upper house, paving the way to the eurozone second largest power to unilaterally tax internet giants by three per cent on much of their digital sales in France.

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.

SOURCE: https://www.trendingaccounting.com/2019/07/france-imposes-digital-tax-on-google.html

olajide8:


Interesting times I expect more European countries to levy taxes on them - let's see how trump would feel after he banned Huawei in the US

SUPERPACK:
Nobody banned them in china, they simply failed to meet the country's terms and conditions e.g locating their chinese data base in china for security reasons.

Milllz:


I hope you know Google, Facebook and lots of American companies have been banned in China for many years now and no one is screaming foul. Stop giving Huawei undue credit.

Amuocha:
Great

Google, Apple, Facebook and Amazon.(GAFA)

olajide8:


China has a market, let's not try to be biased about it - 1billion people with the power of manufacturing for export to the world - but if they (Google and co) are not feeling the impact of the ban in China - it means the European and other markets (Africa, south america, India and the middle east) are actually where, they are making their (Google facebook and co) largest revenues - and if other European countries follow suit, it is certain their revenues, would be hit by this tax levy - and this could have a more damaging impact on profitability, now imagine if France could raise more income from this tax, Greece would follow suit, Spain Germany Netherland and it would continue like that, numbers don't lie - honestly speaking I am not moved by who claims what, only the facts and figures - fundamental analysis and trends lines

AK481:


Telecom and isp uses the country infrastructure and friendly business policy to thrive not like google

Google and co even makes money for isp and telecom indirectly.

Google will find a way to push the cost to their citizen by making them see more adds or giving them premium services or increasing their advertisements rate.

Google is powerful,60% of all internet traffic passes through google ,people hardly use url directly.

Google can make the President of France unpopular by bidding the good deeds and showing only his unpopular side.

Finally ,How do u even calculate the usage of ur country people on google apps and sites?

Milllz:


What happened is very clear, China wants control of everything in their country, they outrightly banned google, Facebook never stood a chance. They’re a big market, so big that, these banned companies would be hundreds of billions richer today if not for the ban. But no one said anything against it. It was unfair trade practices.

The European Union wanted a common tax but they couldn’t agree on anything for the digital tax. I’m sure it’s because countries like Luxembourg where these companies move their money from because of low tax don’t want anything to do with the tax.

No one can say these taxes weren’t targeted at American, even the names alone are all American. The good thing is that, this is the wrong time to try to cheat Americans. Trump is there to fight, left, right and center. He has also instructed his team to begin investigation. Whether Europe is trying to punish them for the Iran deal, they’d still lose, with the way Trump is handling China, I was surprised France would make such a move now. You don’t need a soothsayer to know that Trump will give them back the tariff ten-fold and keep other European countries at bay. Don’t forget these countries keep fining them billions of Euros regularly for even the flimsiest reasons.

And for Huawei, I don’t have anything to say. I laugh when people say they’ll create their own OS. Sometimes I’d reply and ask them, would you buy a phone without maps, Facebook, Twitter, Instagram, google etc