US launches inquiry into French plan to tax tech giants
Posted in: Government & Policy at 11/07/2019 14:33
US President Donald Trump has ordered an investigation into France's planned tax on tech giants - a move that could result in retaliatory tariffs.
"The United States is very concerned that the digital services tax... unfairly targets American companies," the US trade representative said.
The French parliament is expected to approve the new tax on Thursday.
It will target firms such as Google and Facebook with a 3% levy on revenue made inside France.
Trump trade representative to investigate French tech tax
The White House is launching an investigation into France’s proposed tax on internet giants like Google, Amazon and Facebook — a move that could lead to U.S. taxes on French imports.
U.S. Trade Representative Robert Lighthizer expressed concern that the tax, expected to be passed by the French Senate Thursday, “unfairly targets American companies.”
U.S. to probe French plan to tax tech companies
U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.