France Mulls 1 Percent Tax on Smartphones, Tablets to Fund Local Film, TV

France does not like its culture having to compete in the free market

A new French tax on the sale of smartphones and tablets could raise some 86 million euros ($111.5 million) per year, reports the BBC.

The bid is based on France's so-called "cultural exception" policy, which aims to protect culture from market forces and foreign competition.