City
Epaper

US to probe France's plans to implement Digital Service Tax

By ANI | Updated: July 11, 2019 09:30 IST

The United States on Wednesday launched an investigation into the French government's decision to implement Digital Service Tax (DST) which will "unfairly target" American compes.

Open in App

The United States on Wednesday launched an investigation into the French government's decision to implement Digital Service Tax (DST) which will "unfairly target" American compes.

"On July 10, 2019, the United States Trade Representative (USTR) initiated an investigation under Section 301 of the Trade Act of 1974 of the Digital Services Tax (DST) of the Government of France," read an official statement.

The Bill. which will be presented in the French Senate on Thursday, aims at imposing a 3 per cent tax on total annual revenue generated by some big compes which provide digital services to French users.

In March, French Finance Minister Bruno Le Maire had said that his country is planning to impose a tax on the annual revenues of technology compes that make at least 750 million euros annually and provide services to users in the country, reported The Hill.

The tax would affect multiple US tech giants, including Apple, Google and Amazon.

"The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American compes," US Trade Representative Robert Lighthizer said.

"The President has directed that we investigate the effects of this legislation and determine whether it is discriminatory or unreasonable and burdens or restricts United States commerce," he added.

( With inputs from ANI )

Tags: United StatesFrench FinanceDigital ServiceBruno Le Maire
Open in App

Related Stories

InternationalIsrael-Iran Conflict: From Sirens to Strikes Here Are the Top 10 Key Updates

InternationalDonald Trump Suspends Visas for Incoming Harvard International Students Over National Security Concerns

InternationalOrganic Ground Beef Recalled Over E. Coli Fears in US - Is Yours Affected?

Social ViralUS Teacher Marries AI Chatbot After Husband’s Death; Fights and Makes Up Like Real Couple

International"Don’t Set Up Production in India, Make In U.S": Donald Trump Sends Out Clear Message To Apple CEO Tim Cook

International Realted Stories

International"Yoga is everywhere...": Delegates arrive in Rishikesh ahead of Yoga Day celebrations

InternationalCGI New York marks International Yoga Day 2025 with celebrations in Westchester and Times Square

InternationalEarthquake of magnitude 4.0 jolts Tajikistan

InternationalIranian missile strike damages historic mosques in Israel's Haifa

International"Bharat Mata Ki Jai!": Evacuees chant as 290 Indians return from Iran under Operation Sindhu, thank govt for safe rescue