France adopts pioneering tax on tech giants after US threat


  • TECH
  • Friday, 12 Jul 2019

PARIS: France adopted a pioneering tax on Internet giants like Google, Amazon and Facebook on July 11, despite US threats of new tariffs on French imports. 

The final vote in favour of the tax in the French Senate came hours after the Trump administration announced an investigation into the tax under the provision used last year to probe China’s technology policies, which led to tariffs on US$250bil (RM1.02tril) worth of Chinese imports. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

TikTok has submitted risk assessment report on TikTok Lite to EU
Apple announces event on May 7 amid reports of new iPad model launches
Walmart-backed fintech One launches 'buy now, pay later' loans, CNBC reports
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
Google invests $640 million in new data centre in Netherlands
NatWest CEO sees 'material opportunities' in AI
Amazon launches low-cost grocery delivery subscription plan in US
Trump poised to clinch $1.3 billion social media company stock award
Spotify profits up, but lower marketing hits user growth
Adobe to bring full AI image generation to Photoshop this year

Others Also Read