Francois Hollande, France’s president, is mulling a potential tax on smartphones, laptops and tablets in order to fund the nation’s cherished cultural exception. The revenue generated from such a tax would be earmarked for the cultural exception, which supports French music, film and visual art. France currently spends north of $130 million a year funding these endeavors, and the tax on Internet-capable devices is viewed as one potential way to protect the nation’s creative side “in the face of digital innovation.”
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France Considers Tech Tax to Fund Arts
Posted by: David Vranicar May 14, 2013 09:54 AMFrancois Hollande, France’s president, is mulling a potential tax on smartphones, laptops and tablets in order to fund the nation’s cherished cultural exception. The revenue generated from such a tax would be earmarked for the cultural exception, which supports French music, film and visual art. France currently spends north of $130 million a year funding these endeavors, and the tax on Internet-capable devices is viewed as one potential way to protect the nation’s creative side “in the face of digital innovation.”