Sunday 21 July 2019
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US launches probe into France’s proposed tax on tech giants

US launches probe into France’s proposed tax on tech giants

10 days ago

US launches probe into France’s proposed tax on tech giants

10 days ago


The White House is launching an investigation into France’s proposed tax on internet giants like Google, Amazon and Facebook, in a move that could lead to US taxes on French imports.

US Trade Representative Robert Lighthizer expressed concern that the tax, expected to be passed by the French Senate on Thursday, “unfairly targets American companies”.

Mr Lighthizer’s agency will investigate the tax under Section 301 of the Trade Act of 1974 — the same provision the Trump administration used last year to probe China’s technology policies, leading to tariffs on 250 billion dollars worth of Chinese imports.

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Facebook faces paying extra tax in France (Dominic Lipinski/PA)

The French digital services tax would impose a 3% annual levy on French revenues of digital companies with yearly global sales worth more than 750 million euros and French revenue exceeding 25 million euros.


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