Trump responds to France’s digital tech tax, promises ‘substantial reciprocal action’

Trump talks on a phone

Photo by Shealah Craighead / The White House

President Donald Trump has responded to France’s recently passed tax on digital services, promising in a tweet that the White House would announce “a substantial reciprocal action” in the near future.

French President Emmanuel Macron signed the controversial bill into law yesterday. It will require tech companies that make €750 million in global revenue and €25 million in French revenue to pay a 3 percent tax on revenue generated by digital services in the country — which would include companies like Facebook, Google, and Amazon.

Continue reading…

from The Verge – All Posts https://ift.tt/2Y97hEH
via IFTTT

Check out the Finding Your Identity Podcast!