France approves digital services tax on tech giants despite US threats of retaliation12:00:00 PM, Friday 12th of July 2019 | in business
France has passed a digital services tax despite threats of retaliation by the US. The US argues that tax unfairly targets US tech giants. The 3% tax will be levied on sales generated in France by multinational companies like Google and Facebook. The US ordered a probe into the move that may result in retaliatory tariffs. France has argued that taxes should be based digital and not just by physical presence, since long.