The Israeli Parliament is working on a new bill that would tax search engines by 7% of their advertising revenue, to boost local content publishers.
According to the Financial Times, while there are no official names for the law, it has already been unofficially dubbed the “Google Law” for obvious reasons. Considering the fact that Google is the world’s largest search engine, it’s not hard to imagine that the company’s revenue is the official goal of such laws.
It is still unclear whether the bill will get the necessary support to pass, but the country's prime minister doesn't seem really enthusiastic about the new law, according to some statements he made last weekend.
According to the Financial Times, Benjamin Netanyahu said the country needs to ensure a favorable business climate for technology and Internet companies.
