"As per the recent comments by finance minister of France, EU is likely to finalize a new tax regime on digital tech companies by March 2019, including Google and Facebook. The proposed taxation system would impose 3% temporary turnover tax on companies with 750 million+ euros global turnover and 50 million+ euros in EU sales. The new tax is an attempt to check business model of digital companies, which allows them to take advantage of lower tax rates around the globe. Digital companies profit from selling or advertising to consumers in other countries without paying the same taxes as their domestic counterparts. " – Hanish Bhatia