US government to impose tax on French products in response to France’s new digital services tax

epa07079588 (FILE) - An image showing the profile of a person in front of a monitor, with logos of the social networks facebook and Google+ in Hanover, Germany, 21 September 2011 (reissued 08 October 2018). According to reports from 08 October 2018, Google will shut down large parts of its social media platform Google Plus after a major security breach. Google opened up its would-be Facebook rival Google Plus in 2011. EPA-EFE/JULIAN STRATENSCHULTE GERMANY OUT

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The US government on Monday said it may slap punitive duties of up to 100% 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,” including Alphabet Inc’s Google, Facebook Inc, Apple Inc and Amazon.com Inc.

via – EuroNews

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