Egypt Pushes to Tax Google, Facebook Revenue

Egypt’s deputy head of the Communications and Information Technology Committee John Talaat told the media this week that social media ads such as those on Facebook and Google should be taxed, similar to what is being done in other countries to control such ads.

It was also reported that Tamel Abdel kader, deputy of the Parliament’s Culture and Media Committee, urged the Egyptian government to draft laws to control search engines and social networks, and failure to do so would have a negative impact on society.

Facebook had achieved revenues above expectations in the first quarter, estimated at around $11.97 billion. The social network also added 48 million daily active users (DAUs), and total daily active users are 1.449 billion at present.

Source: Indivigital