US launches inquiry into French plan to tax tech giants

[Eugene]

Source: BBC

43 minutes ago

US President Donald Trump has ordered an investigation into France's planned tax on tech giants - a move that could result in retaliatory tariffs.

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

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

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

-snip-


Read more: https://edition.cnn.com/2019/05/27/europe/austria-sebastian-kurz-intl/index.html

[cstanleytech]

1. Why the hell would the US threaten retaliation for tax thats based on revenue that the companies

make inside France itself?

[sandensea]

2. 'Cause Wall Street don't like it

And their whims, as you know, have a way of becoming national policy.

[zaj]

3. To continue efforts to destroy NATO

[bucolic_frolic]

4. In Trump's narcissistic delusion, everything is "unfair"

[mpcamb]

5. Putin told him to complain and short fingered Donnie is Vlad's indentured servant.

Besides, these aren't American companies, they're global multinationals.
All their profits go into offshore tax havens.