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NEW: France demands millions of euros from Big Tech firms such as Facebook and Amazon as part of new digital services tax
— Hannah Murphy (@MsHannahMurphy) November 25, 2020
Washington says this is unfair trade practice as it mainly affects US companies & may add tariffs on French handbags in retaliation?https://t.co/tZwCu4BOnu
Exclusive: France's new digital tax threatens to reignite transatlantic trade tension with US technology groups facing demands for millions of euros https://t.co/UB7esMNaLx
— Financial Times (@FinancialTimes) November 25, 2020
Bottom line here is if your French handbags or imported cheese go up a lot in price, blame Google and Facebook https://t.co/RCGEN6XIid
— Mathew Ingram (@mathewi) November 25, 2020
France has sent out bills for digital service tax, UK is due to start in April. US pulled out of OECD negotiation in June. Lighthizer has nothing to lose. Congress up in arms. Could be a hairy few months on the trade front. https://t.co/DZtH6Xxl9K pic.twitter.com/KY37m63CjY
— Adam Tooze (@adam_tooze) November 25, 2020
DC's response will be intense, but because French-US trade is thin, most of the damage is likely to fall on Germany. https://t.co/8uH2AA2TSS
— Peter Zeihan (@PeterZeihan) November 25, 2020
Exclusive: France's new digital tax threatens to reignite transatlantic trade tension with US technology groups facing demands for millions of euros https://t.co/UB7esMNaLx
— Financial Times (@FinancialTimes) November 25, 2020
NEW: France demands millions of euros from Big Tech firms such as Facebook and Amazon as part of new digital services tax
— Hannah Murphy (@MsHannahMurphy) November 25, 2020
Washington says this is unfair trade practice as it mainly affects US companies & may add tariffs on French handbags in retaliation?https://t.co/tZwCu4BOnu
Big Tech gets digital tax demand from French authorities https://t.co/pwH39duVtP
— FT Economics (@fteconomics) November 25, 2020