Spotify plans to raise its prices in France due to a new tax law that adds a 1.2% tax on streaming firms' 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 firms’ revenue to help finance local music creation  —  Swedish streaming service Spotify (SPOT.N) on Thursday mentioned it will improve its prices in France due to a new tax, which it argued would fail to accomplish its supposed objective.