News Formal

US to investigate France’s plan to tax tech companies

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

The US is worried the digital services tax unfairly targets US companies, but tech firms urge Trump not to retaliate with tariffs

Washington — US President Donald Trump, on Wednesday, ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the US imposing new tariffs or other trade restrictions.

French finance minister Bruno Le Maire said in March that a 3% tax on the French revenue of large internet companies could yield €500m a year. Le Maire said the tax would target some 30 companies, mostly American but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies.

 

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

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump calls British ambassador to US 'a very stupid guy' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Donald Trump on Tuesday called the British ambassador to the United States 'a very stupid guy,' one day after declaring he would cut contact with the diplomat following a leak of cables describing Trump as 'inept.' Reminds me of a certain Minister in South Africa 🤷‍♀️ Akere it is easy to identify one of those who are in your lane. And kana what are the Americans doing to address their puppy?
Source: SABC News Online - 🏆 32. / 51 Read more »