Stefan Mileschin

Kicking them in the exports to make them surrender to US forces

The US government may punish France for insisting that its huge tech companies pay a tiny amount of tax.

The US government said it may slap punitive duties of up to 100 percent on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm US tech companies.

The US Trade Representative’s office said its “Section 301” investigation found that the French tax was “inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected US companies”, on poor US companies like Google, Facebook, Apple and Amazon.

US Trade Representative Robert Lighthizer said the government was exploring whether to open similar investigations into the digital services taxes of Austria, Italy and Turkey.

https://fudzilla.com/news/49898-us-b...to-tax-us-tech