joined:Nov 13, 2016
U.S. to investigate planned French tax on Apple, other tech giants
President Donald Trump is planning to launch a probe into France's intent to implement a digital tax initiative targeting large internet companies, an investigation that could lead to tariffs or trade restrictions.
France wants to create a 3% tax which would apply to roughtly 30 Internet companies (GAFA = Google Amazon Facebook Apple, but became a generic word for big Internet companies). The tax should be calculated on the turnover generated by these companies in France, but France would like this tax to be extended to the whole EU. The argument to support this tax is that, these companies are abusing fiscal optimizations to pay barely nothing in EU countries.