France's National Assembly passed an amendment to tax content providers like Netflix, Google, and Meta €0.055 per gigabyte of data sent to French internet users, potentially generating around €10 billion in revenue. The tax applies to all content providers, capped at 15% of French revenue or 2% of global revenue, but the amendment passed by a narrow margin and faces uncertainty in the Senate and possible government override. The tax could impact Netflix most due to its heavy data usage, while Google and Meta might pass costs to advertisers. The move comes amid France's fiscal challenges and ongoing tensions with the U.S. over digital taxes, with no U.S. response yet to this new proposal.
Netflix trades at USD 62.07 with a slight 0.03% gain on Pluang as of Nov 01, 2026 00:21 WIB, while Google and Meta show declines of 1.45% and 1.53% respectively. This comes as France's National Assembly considers a new tax on data usage by content providers like Netflix, Google, and Meta. The tax could influence these companies' revenues and market performance, reflected in the mixed trading activity seen on Pluang today.
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