City
Epaper

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

By ANI | Published: July 11, 2019 9:22 AM

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

InternationalUnited State: Devastating Shooting in Michigan Leaves 8 Injured, Including Children, Suspect Dead

InternationalUnited States: Sailor Injured in Yemen’s Houthi Attack on Cargo Ship (See Tweet)

CricketUS vs IND, T20 World Cup 2024: India Wins Toss, Opts to Bowl First Against United States

InternationalU.S. Reportedly Sending Another Patriot Missile System to Bolster Ukraine’s Defenses

International“Unacceptable Security Violation”: Elon Musk Threatens to Ban iPhones from His Companies over Apple-OpenAI Deal (See Tweets)

International Realted Stories

InternationalPhilippines accuses China of 'reckless behaviour' in South China Sea

InternationalDid the Ukrainian Peace Conference achieve what Zelensky or its organisers desired?

InternationalHuman Rights Commission report highlights challenges faced by religious minorities in Pakistan

InternationalKremlin says summit on Ukraine shows almost 'zero' effectiveness

InternationalAt least six killed, 19 others injured in Equador after heavy rains trigger landslide