French Senate approves tax as U.S. opens digital levy probe | Reuters

null
France’s Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union.

The 3% levy will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros ($845 million) worldwide. It is due to kick in retroactively from the start of 2019.

France pushed ahead with the tax after EU countries failed to agree a levy valid across the bloc in the face of opposition from Ireland, Denmark, Sweden and Finland.

Source: French Senate approves tax as U.S. opens digital levy probe – Reuters

READ  How Women's Anger Is Influencing Politics in 2018 | Time

Leave a Reply

Your email address will not be published. Required fields are marked *