French Senate approves tax on big tech companies despite US concerns

French Senate approves tax on big tech companies despite US concerns

The French Senate has approved a tax that will affect U.S. tech companies, such as Google, Amazon, Facebook and Apple. France will levy a 3% tax on revenue from digital services earned in France by companies that make more than 25 million euros. The Trump administration listed their ’concern’ over the tax, saying it unfairly targets American companies. Trump has ordered a probe of the French tax.

aiden Brennan
aiden Brennan
AY-MO
AY-MO 1 year

Nothing controversial about it, big tech makes billions and pays zero taxes. The US should also impose a VAT on them, as its the only way to ensure they pay their fair share.

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