France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the White House that it unfairly targets American companies.
On Wednesday, President Donald Trump ordered an investigation into France’s planned “digital tax” on tech companies. The 3 percent tax would apply to the French revenues of roughly 30 major companies, mostly from the U.S.
He added the U.S. and France could find agreements, rather than using threats, to reach a deal on the “fair taxation” of internet giants. Lighthizer added the U.S. will continue to support efforts by the Organization for Economic Development to reach a multilateral agreement on taxes in the digital economy. The OECD has said it won’t come to a conclusion on a so-called digital tax until 2020.
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