France's digital minister says big tech tax is just the start
over 5 years in The guardian
Cédric O says French will not back down on levy despite US threats of trade war
France will go ahead with its controversial new tax on the profits of large technology firms such as Google and Facebook despite US threats to retaliate, with the government vowing it is just the start of a crucial rethink of the regulation of tech monopolies.Cédric O, French junior minister for digital affairs, told The Guardian that Emmanuel Macron’s drive to make companies including Amazon and Apple pay more and fairer tax would go ahead, despite US warnings that it could open up a new front in the international trade war.
Washington has threatened to retaliate with tariffs of up to 100% on imports of French products such as champagne, cheese, handbags, lipstick and cookware worth $2.4bn (£1.8bn) after a US government investigation found that France’s new digital services tax would harm US technology companies. Continue reading...
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