Web Sify
Follow us on
Mail
Print

France to introduce 'Google tax' soon

Source : IANS
Last Updated: Tue, Dec 14, 2010 10:49 hrs
​Google Chrome laptop

Paris: France will introduce its so-called 'Google tax' on online advertisements Jan 1, parliament decided on Tuesday.

The tax on companies based in France would be amount to one per cent of the net amount spent on online advertising.

The measure was dubbed 'Google tax' because it was originally conceived as a direct tax on the search engine and its competitors.

The parliamentary commission has for some time been working on a deal for the 2011 national budget, which has already been approved by the two houses of parliament.

A compromise was reached after considerable changes to the bill, which still has to be formally approved. It appears unlikely that the draft legislation will be overturned.

At the beginning of the year, President Nicolas Sarkozy called for additional tax on Google and its competitors.

Also read:

Indians search for railways the most: Google

US cables link China to Google hacking: WikiLeaks




blog comments powered by Disqus
most popular on facebook
talking point on sify news