EL7.AI
GeopoliticsMediumUpdated•Originally published 31 October 2026•Updated 31 October 2026•
1 min read

France Approves $11.2B Internet Traffic Tax on Tech Giants

Key Facts

1French lawmakers approved a new data flow tax costing approximately $0.65 per gigabyte of content.
2The tax is expected to generate $11.2 billion in annual revenue, targeting companies like Google and Meta.

French lawmakers approved a new data flow tax costing approximately $0.65 per gigabyte of content delivered to users in France. Tom's Hardware reported that the levy targets major tech firms including Google and Meta, and is expected to generate $11.2 billion in annual revenue, with a liability cap set at 15% of French revenue or 2% of global revenue.

The legislative move coincides with varied performance across the targeted stocks, as META closed at $614.99 and GOOGL closed at $279.84 on October 30, 2026. On the same date, AMZN closed at $240.35 and NFLX finished at $62.08, amid increasing regulatory scrutiny on US tech giants in European markets.

The French parliament is scheduled to vote on the first section of the budget in early November 2026, a step that will determine the final status of this tax proposal within the national budget.

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