U.S. to probe French plan to tax tech companies: source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. President Donald Trump will order an investigation into France's plann...

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo from Reuters files./File Photo

The announcement, which is set for around 5 p.m. Wednesday in Washington, will give U.S. Trade Representative Robert Lighthizer up to a year to investigate if France’s digital-tax plan would hurt U.S. technology companies, the source said. French Finance Minister Bruno Le Maire said in March that a 3% tax on the French revenue of large internet companies could yield 500 million euros per year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

good for the French!! America won't tax big business - someone should!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines