France’s National Assembly Approves Tax on Tech Giants (2)

French lawmakers approved the country’s proposed tax on the revenue of digital giants like Alphabet Inc.'s Google and Facebook Inc. during a midnight session vote in the National Assembly.

The 3 percent levy targets some large digital businesses with 750 million euro ($845 million) in worldwide revenue and 25 million euros in domestic revenue. Among the companies netted by the tax are those that sell online advertising, user data to target online advertising, and online marketplaces.

• The digital tax proposal, included in Article 1 of the French tax bill, was approved overwhelmingly by the National Assembly.
• The agenda ...