Sarkozy lays out plan for Internet tax
Posted in: Government & Policy at 26/06/2008 16:07
[AP] France will ban prime-time advertising on public television as of Jan. 1 and plans to tax Internet, phone and commercial broadcasting companies to replace the lost funding, President Nicolas Sarkozy said Wednesday.
Phone and Internet companies will pay a tax of 0.9 percent of sales to finance public television, Sarkozy said in a speech. Private television companies will pay a tax of 3 percent on advertising revenues to raise €80 million, or $121 million, for the state-owned France Télévisions, he said.