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France Approves Digital Tax On American Tech Giants, Defying US Trade Threat

France Approves Digital Tax On American Tech Giants, Defying US Trade Threat

France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.”

On Wednesday, Trump ordered an investigation into France’s planned “digital tax” on tech companies. The 3% tax would apply to the French revenues of roughly 30 major companies, mostly from the U.S…

To read more visit CNBC.

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