Russia

French Parliament Passes Tax Law on Tech Giants Amid US Investigation

Your ads will be inserted here by

Easy Plugin for AdSense.

Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.

This comes after US Trade Representative Robert Lighthizer has announced that he launches investigation into France's planned tech giants tax.

The French parliament has passed a law on taxing major digital companies.

The move comes after US Trade Representative Robert Lighthizer announced the beginning of a probe into France's planned tax on tech giants, adding that Washington is very concerned that the tax would "unfairly target American companies".

He said in a statement that “the President has directed that we investigate the effects of this legislation and determine whether it is discriminatory or unreasonable and burdens or restricts United States commerce”.

Lighthizer will reportedly be given up to a year to look into whether the French plan would hurt US technology firms, and suggest retaliatory measures.

Last month, he described the tax as something “that is geared toward hitting American companies disproportionately”, saying that he thinks that “its something the United States has got to take strong action on”.

Republican Senate Finance Committee Chairman Chuck Grassley and Ron Wyden, the senior Democratic Party member on the panel, for their part, hailed the investigation.

“The digital services tax that France and other European countries are pursuing is clearly protectionist and unfairly targets American com

Show More

Related Articles

Back to top button
Close