France resumes tax on tech giants, seeks deal with US

France resumes tax on tech giants, seeks deal with US

4 years ago
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https://apnews.com/1c4061af0bdf23b9421d819fdf6225f4

PARIS (AP) — France is resuming collection of a special tax on Big Tech companies like Amazon and Facebook despite the threat of U.S. retaliatory tariffs on French Champagne, cheese, handbags and other goods.

The tax brought about 400 million euros to the French budget last year, but the government agreed to suspend it in 2020, in exchange for an American promise to drop the tariff threat pending talks on an international deal on taxing online companies.