France's National Assembly adopted amendment I-1358 on October 30, 2026, to the 2027 finance bill, creating a tax of €0.055 (about 6.1 U.S. cents) per gigabyte that content providers send to subscribers of French internet providers. The amendment passed 11 to 10, with only 35 of the Assembly's 577 deputies voting. The tax is capped at 15% of a company's French revenue or 2% of its worldwide revenue. The explanatory statement says Google, Meta, Amazon, Netflix and Akamai carry half the traffic Arcep measures, and Socialist deputy Laurent Lhardit estimates a yield of €10 billion, which the administration has yet to assess. The amendment still needs Senate approval, and the government could push the budget through without a vote under Article 49, paragraph 3.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/30/2026 | 279.76 |
| Change that session | -1.43% |
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/30/2026 | 614.98 |
| Change that session | -1.53% |
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