France is set to impose a sweeping new law starting January 1 which is set to raise as much as 500 million euros in 2019 alone.

The tax, dubbed GAFA for Google, Apple, Facebook and Amazon, is targeted towards high-profit internet tech giants who generally pay a lower effective tax rate than other corporations, reports AFP News.

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The post France will impose new GAFA tech tax on Apple and Google worth $570 million annually appeared first on 9to5Mac.

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Alex Allegro

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