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Fed up France takes GAFA tax into own hands, setting lethal trend

France’s unprecedented move to slap a “tech tax” on the industry’s biggest internet names is already proving influential, with Austria set to go ahead and implement its own version of the tax system, deemed to be much fairer, on a national level ahead of any EU-wide legislation. The dawdling and divided manner in which the European Union is handling the controversial taxation situation will likely prompt other nations to follow in France and Austria’s footsteps – potentially curtailing EU-US relations. Its controversy comes as some EU nations fear a copycat move across the Atlantic in a potentially damaging move for European technology companies, with tax haven flagbearer Ireland joined by Estonia and Sweden in opposing the heightened levy imposed on…

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