U.S. Tech Giants Will Testify Against France’s Digital Tax
On July 12, the French Senate approved a tax that U.S. tech giants are calling “a troubling precedent” – a 3% tax on big technology companies that provide services in France. The Trump administration is currently investigating whether the tax represents an unfair trade practice, one that targets U.S. companies. Google, Amazon, and Facebook are all slated to testify against the tax, making their case that the French Senate is unfairly discriminating against U.S. tech companies.
The digital tax affects companies that make at least €750 million in revenue worldwide — around $844 million, £690 million and AU$1,230 — as well as €25 million in digital sales in France.