US 'concern' over French plan to tax tech giants

US
# 11 July 2019 03:31 (UTC +04:00)

US President Donald Trump has ordered an investigation into France's planned tax on internet and technology giants, APA reports citing BBC.

"The United States is very concerned that the digital services tax... unfairly targets American companies," the US trade representative said on Wednesday.

The French parliament is expected to approve the new tax on Thursday.

It will target companies such as Google and Facebook with a 3% levy on revenue made inside France.

It is expected to raise about 400 million euros ($450m; £360m) this year.

Any digital company with a revenue of more than 750 million euros - of which at least 25m is made in France - would be subject to the tax.

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