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article imageFrench government may impose new smartphone tax

By Sami Zaatari     May 13, 2013 in Business
The French government is considering levying a new smartphone tax at a rate of 1% in order to protect the French entertainment-cultural industry.
According to figures, the tax would raise a revenue of 86 million Euros a year, which would then be used to help French creative-cultural industries produce local content, such as music, videos etc.
The proposal is part of France's cultural exception, which seeks to protect French industries in the field of movies and music, from foreign competitors, most notably American competition, which enjoys a strong market and business force in France, and Europe in general.
The tax would target both smartphones and tablets capable of accessing and using the internet.
More about France, Smartphone, Tax, Cellphone
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