July 11, 2019 7:55 PM

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French Senate approves digital services tax despite threats by US

<span style="color: #222222;">The French senate today approved a digital services tax despite threats of retaliation by the US, which argues that it unfairly targets American tech giants. </span><br />'' <br />'' <span style="color: #222222;">The 3 percent tax will be levied on sales generated in France by multinational firms like Google and Facebook. </span><br />'' <br />'' <span style="color: #222222;">The French government has argued that such firms headquartered outside the country pay little or no tax.</span><br />'' <span style="color: #222222;"><br />'' Meanwhile, the US administration has ordered an inquiry into the move  which could result in retaliatory tariffs.</span><br />

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