2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sweden
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France
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Italy
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Germany
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Detailed explanation-1: -Q. Which European country has recently introduced GAFA Tax on Global Internet, Technology Firm? Notes: France has recently introduced a new “GAFA tax” - named after the large internet and technology companies viz.
Detailed explanation-2: -In an attempt to equalize the playing field, France in a landmark move, has decided to apply the GAFA Tax. The GAFA Tax is a special tax that applies only to Google, Apple, Facebook and Amazon (GAFA). Here, France taxes 3% of revenues from all digital activities they conduct.
Detailed explanation-3: -France has decided to introduce the tax (3% tax on revenues from digital activities).
Detailed explanation-4: -France has introduced this tax in January 1, 2019 to make these firms to pay a “fair share” of taxes in the country. Countries like U.K., Spain, Italy and others have also imposed similar taxes on the largest digital firms.
Detailed explanation-5: -GAFA tax-named after Google, Apple, Facebook, Amazon-is a proposed digital tax to be levied on large technology and internet companies.