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Wed Jul 10, 2019, 08:55 PM

US launches inquiry into French plan to tax tech giants

Source: BBC

43 minutes ago

US President Donald Trump has ordered an investigation into France's planned tax on tech giants - a move that could result in retaliatory tariffs.

"The United States is very concerned that the digital services tax... unfairly targets American companies," the US trade representative said.

The French parliament is expected to approve the new tax on Thursday.

It will target firms such as Google and Facebook with a 3% levy on revenue made inside France.

-snip-


Read more: https://edition.cnn.com/2019/05/27/europe/austria-sebastian-kurz-intl/index.html

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Reply US launches inquiry into French plan to tax tech giants (Original post)
Eugene Jul 10 OP
cstanleytech Jul 10 #1
sandensea Jul 10 #2
zaj Jul 10 #3
bucolic_frolic Jul 10 #4
mpcamb Jul 11 #5

Response to Eugene (Original post)

Wed Jul 10, 2019, 09:04 PM

1. Why the hell would the US threaten retaliation for tax thats based on revenue that the companies

make inside France itself?

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Response to cstanleytech (Reply #1)

Wed Jul 10, 2019, 09:14 PM

2. 'Cause Wall Street don't like it

And their whims, as you know, have a way of becoming national policy.

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Response to cstanleytech (Reply #1)

Wed Jul 10, 2019, 09:14 PM

3. To continue efforts to destroy NATO

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Response to Eugene (Original post)

Wed Jul 10, 2019, 09:24 PM

4. In Trump's narcissistic delusion, everything is "unfair"

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Response to Eugene (Original post)

Thu Jul 11, 2019, 09:06 AM

5. Putin told him to complain and short fingered Donnie is Vlad's indentured servant.

Besides, these aren't American companies, they're global multinationals.
All their profits go into offshore tax havens.

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