French senators have approved a temporary digital services tax, despite the threat of US tariffs.
The French bill, passed last Thursday, sets out a 3% levy on turnover of companies with digital business models and revenues of more than €750m globally and €25m in France.
The US trade representative Robert Lighthizer said that Washington would conduct a ‘section 301’ investigation into France’s digital services tax, as it ‘unfairly targets American companies’. The unilateral move could reportedly result in tariffs on French wine or cars.
French senators have approved a temporary digital services tax, despite the threat of US tariffs.
The French bill, passed last Thursday, sets out a 3% levy on turnover of companies with digital business models and revenues of more than €750m globally and €25m in France.
The US trade representative Robert Lighthizer said that Washington would conduct a ‘section 301’ investigation into France’s digital services tax, as it ‘unfairly targets American companies’. The unilateral move could reportedly result in tariffs on French wine or cars.
