by Kurt Nimmo, Infowars:
France’s recently elected socialist government has announced it plans to further stifle innovation and wealth creation by imposing a tax on smartphones and tablets.
The new tax will mirror a fee scheme imposed on French television and radio producers and internet service providers to fund art, cinema and music approved by the state.
The one percent tax targets Google, Apple, Amazon and other companies. The government of Francois Hollande estimates the taxation scheme will expropriate around 86 million euros per year. It plans to transfer the wealth to cultural industries producing French music and video content.
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