France passes tax on tech giants despite U.S. tariff threats

France passes tax on tech giants despite U.S. tariff threats

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/07/11/france-passes-tax-on-tech-giants-despite-u-s-tariff-threats/

PARIS — France on Thursday adopted a pioneering tax on internet giants like Google, Amazon and Facebook despite U.S. threats of new tariffs on French imports if Paris went ahead with the plan.

Late Wednesday, the Trump administration announced an investigation into the tax under the provision used last year to probe China’s technology policies, which led to tariffs on $250 billion worth of Chinese imports.