Austria is the next European nation looking to impose a specialized ‘tech tax’ on internet giants such as Amazon, Apple, and Facebook. This move follows in the footsteps of France and Germany to take action on a national level rather than awaiting an EU-wide agreement.
Just two weeks ago, French Economy and Finance Minister Bruno Le Maire announced the new GAFA (Google, Apple, Facebook, Amazon) tax would take effect starting January 1. The country hopes to generate as much as 500 million euros in the tax’s first year in effect.
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