France will delay controversial tech tax

Macron Addresses Business Leaders At Elysee Palace

Photo by Antoine Gyori/Corbis via Getty Images

France and the United States have reached a truce on a debate over a controversial French “digital tax” that was set to hit some of America’s biggest tech companies.

This year, France passed a law requiring large digital service companies to pay a 3 percent tax on total annual revenue generated by providing services to French users. The US immediately pushed back on the plan, saying the tax was aimed squarely at major American tech companies like Google, Facebook, and Amazon. In response, the US threatened to implement massive tariffs on French goods.

But French president Emmanuel Macron said on Twitter this week that he’d had a “great discussion” with President Donald Trump about the tax….

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via The Verge – All Posts

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