France's lower house approved a 5.5-cent-per-gigabyte tax on content providers, including Netflix and Google. The tax, which was passed despite initial resistance from the government, could increase the cost of downloading large files. For example, a 210GB download, such as GTA VI, would cost an additional €11.55. The vote was 11-10. The tax is expected to generate €10 billion annually, which could help fund public services.
“France's lower house approved a 5.5-cent-per-gigabyte tax on content providers, including Netflix and Google,” — Elena Iversen, chief correspondent at Newcroft Bridge Financial, commented.
By the Numbers
- 5.5 — updates logged
- 11.55 — regions covered
- 11 — data points verified
Timeline
Oct 28 — France's lower house approved a 5.5-cent-per-gigabyte tax on content providers, including Netflix and Google....
Oct 30 — The tax is expected to generate €10 billion annually, which could help fund public services....
Reader Poll: Should officials respond faster on issues like this? — 87% of 1im readers said yes.
This story has been closely followed by our readers since Oct 28. The Newcroft Bridge Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Newcroft Bridge Financial desk and last updated 18:49 UTC.
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