Gafa Tax Current Affairs, GK & News

Australia passed “News Media and Digital Platforms Mandatory Bargaining Code”

The parliament of Australia has passed the landmark legislation called the “News Media and Digital Platforms Mandatory Bargaining Code” on February 25, 2021. Highlights This legislation mandates the global digital platforms to pay for publishing the Australian news content on their respective platforms. The legislation mainly targets Facebook and Google. The law easily passed the ..

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Why Facebook restricted new contents in Australia?

The tech-giant Facebook has recently blocked the Australian users from reading and sharing any local and international news. Facebook has initiated this move in the backdrop of the dispute over new media payment law that Australia has initiated. Highlights The Facebook has retaliated over the new legislation that was brought by Australian government. This legislation ..

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Gafa Tax: France to levy 3% tax on Internet giants

The French parliament approved a law dubbed as Gafa Tax (an acronym for Google, Apple, Facebook and Amazon), the legislation will impose a 3% levy on sales generated in the country by non-tax paying online giants. Key Highlights Levying this 3% tax on total annual revenues of largest technology firms providing services to French consumers ..

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