EL7.AI
StocksMedium•31 October 2026•
1 min read

France Approves Internet Traffic Tax Targeting Netflix, Google, and Meta

Key Facts

1France voted to impose a 5.5-cent-per-gigabyte tax on Netflix, Google, and Meta.
2The tax revenue is estimated in the billions, though it still faces Senate review and potential White House retaliation.

France voted to impose a 5.5-cent-per-gigabyte tax on Netflix, Google, and Meta. 24/7 Wall St. reported that the new measure targeting high-bandwidth tech companies is estimated to generate billions in revenue, though it still faces a review by the French Senate and potential retaliation from the White House.

META closed at $614.99 and GOOGL closed at $279.84 on October 30, 2026, while NFLX closed at $62.08 on the same date. This regulatory move follows data from October 30, 2026, showing France's annual GDP growth rate contracted by 0.1%, down from a previous 0.5% growth rate.

The market will monitor the upcoming French Balance of Trade data scheduled for release on November 6, 2026, which may provide further context on the country's fiscal position following this tax approval.

Open on chart