France on Thursday became the first major economy to impose a tax on digital giants, with parliament passing the legislation in defiance of a probe ordered by President Donald Trump that could trigger reprisal tariffs. The legislation -- dubbed the GAFA tax -- an acronym for Google, Apple, Facebook and Amazon -- was passed by a simple show of hands in the Senate upper house after previously being passed by the National Assembly lower chamber.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30x05PA
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