CURRENT AFFAIRS QUIZ - 2019
The first country in world to pass GAFA Tax on digital giant.
A)
Germany
B)
France
C)
USA
D)
Singapore

Correct Answer : Option (B) - France

Note : France became the first country to pass GAFA (Google, Apple, Facebook, Amazon) Tax on digital giants in defiance of a probe ordered by the United States (US) President Donald Trump. It will levy a 3% tax on total annual revenues of the largest tech firms providing services to French consumers.The 3% of digital sales in France regard to advertising, websites and the resale of private data.It will help to plug taxation gaps.The tax was passed by the National Assembly, the lower house of Parliament. After earlier passing the chamber of the National Assembly the GAFA was enacted by a simple display of hands in the Senate Upper House.