The United States has just launched an investigation into the effects of the French tax on the digital giants, to be adopted Thursday by the Senate. The investigation, based on the conclusions reached, could result in US retaliation measures
Thursday, July 11, 2019 ((rezonodwes.com)) – The United States launched an investigation under section 301 on the French government's tax on digital giants, announced Wednesday the US Trade Representative's Office (USTR).
“The United States is very concerned that the digital service tax, which should be passed by the French Senate tomorrow (Thursday), unfairly targets US companies, “said the representative Robert Lighthizer in a statement.
” The structure of the proposed new tax and statements by officials imply that France unfairly imposes the tax on some US-based technology companies, “said Lighthizer.
” The President (Donald Trump) ordered us to review the effects of that legislation and whether it is discriminatory or unreasonable and whether it constitutes a burden or a restriction of US trade “, he said.
According to the USTR, this French tax on 3% would target companies with over € 750 million in worldwide digital revenues, of which € 25 million could be linked to users located in France.