This is one way to get mega corporations to pay higher taxes! :D
https://www.nytimes.com/2019/07/10/b...e-tariffs.html
"WASHINGTON — The Trump administration said on Wednesday that it would investigate whether a French plan to impose a tax on American technology giants like Facebook and Google amounts to an unfair trade practice that could be punished with retaliatory tariffs, escalating its global trade fight."
"The investigation, to be carried out by the United States trade representative, is the latest attempt by the Trump administration to shelter American companies, particularly in tech, by taking a more aggressive stance toward allies’ trading practices.France has proposed a 3 percent tax on the revenues some companies earn from providing digital services to French users, a measure that will target Facebook, Google, Amazon and others whose businesses focus on digital advertising and e-commerce.
"French officials expect the annual tax bill for these companies to amount to about 500 million euros, or about $563 million. French lawmakers are scheduled to vote as early as Thursday on the measure, which applies to digital businesses with annual global revenue of more than 750 million euros. France’s General Assembly passed the bill last week, and now it is in the Senate’s hands."
https://www.nytimes.com/2019/07/10/b...e-tariffs.html
"WASHINGTON — The Trump administration said on Wednesday that it would investigate whether a French plan to impose a tax on American technology giants like Facebook and Google amounts to an unfair trade practice that could be punished with retaliatory tariffs, escalating its global trade fight."
"The investigation, to be carried out by the United States trade representative, is the latest attempt by the Trump administration to shelter American companies, particularly in tech, by taking a more aggressive stance toward allies’ trading practices.France has proposed a 3 percent tax on the revenues some companies earn from providing digital services to French users, a measure that will target Facebook, Google, Amazon and others whose businesses focus on digital advertising and e-commerce.
"French officials expect the annual tax bill for these companies to amount to about 500 million euros, or about $563 million. French lawmakers are scheduled to vote as early as Thursday on the measure, which applies to digital businesses with annual global revenue of more than 750 million euros. France’s General Assembly passed the bill last week, and now it is in the Senate’s hands."
via International Skeptics Forum https://ift.tt/2Lgkh4B
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