France has imposed its own tax redistribution reforms on US technology firms. The French finance minister, Bruno Le Maire, yesterday announced a Bill that would impose a 3 per cent tax on all revenues deemed to have been generated in France by digital companies with more than EUR25 million in France and EUR750 million globally.

Under the new measure, it is believed some 30 companies could now see themselves included in the new provisions, including Google, Apple, Facebook and Amazon, which is why it is being dubbed the ‘GAFA’ Tax. ...