November 25, 2020

France risks US ire with vow to impose digital tax this year

Paris (AFP) – France will apply a new digital levy for online technology giants this year, breaking a truce with Washington over the long-running tax fight that could prompt a round of punitive US tariffs on French goods.”The companies subject to this tax have been notified,” a French finance ministry official said, referring in particular to the American firms Google, Amazon, Facebook and Apple, known as the “GAFA” in France.US President Donald Trump has assailed the tax as unfairly targeting¬†the tech heavyweights, and last year threatened import duties of 25 percent on $1.3 billion worth of …


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