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Tax News March 2020 - "Taxes and Tariffs: The U.S. Response to France's Digital Tax"

Tax News March 2020 - "Taxes and Tariffs: The U.S. Response to France's Digital Tax"

Excerpt 

Taxes and Tariffs: The U.S. Response to France's Digital Tax

Back in July of 2019, France passed what was dubbed a “digital tax” targeting the largest tech companies. Impacting approximately 30 big companies such as Amazon, Google, Facebook and Apple, the tax applies to revenues earned from digital services of companies that earn more than $830 million in total and at least $27.86 million in France. The tax levy is a 3 percent charge on revenue from digital services.....................

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