Spotify plans to raise its prices in France due to a new tax law that adds a 1.2% tax on streaming companies’ revenue to help finance local music creation (Reuters)

Reuters:
Spotify plans to raise its prices in France due to a new tax law that adds a 1.2% tax on streaming companies’ revenue to help finance local music creation  —  Swedish streaming service Spotify (SPOT.N) on Thursday said it would increase its prices in France due to a new tax, which it argued would fail to accomplish its intended goal.