Stock market quotes, forex, financial news, forex tools –

US will pay to the French for “digital tax”

 Breaking News
  • Boeing announced the start of massive layoffs The Boeing Company has no choice but to take drastic measures. The world’s largest manufacturer of space and aviation equipment is forced to reduce the number of staff by 13...
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
US will pay to the French for “digital tax”
December 03
13:00 2019

U.S. Trade Representative Robert Lighthizer has reported that the United States is preparing to impose duties on French goods worth $ 2.4 billion. It is possible that the rate will be 100%. The French digital tax imposed on American high-tech companies caused such a decision.

The trade representative said that the digital tax regime discriminated against US companies, so the United States was ready to react to the decision of France. There is a preliminary list of goods that will be highly taxed. It includes wine, cheese, luxury goods and cosmetics.

In mid-summer, the U.S. Trade Commission launched an investigation into the French digital services tax. The trial lasted three months; as the result, it was concluded: the tax had been introduced to discriminate against American high-tech companies.

Perhaps similar investigations will be conducted regarding taxes on digital services in Italy and Austria.

We recall that the story began when President Emmanuel Macron signed into law a 3% tax on annual revenue. The law also applies to giants such as Apple, Facebook and Google.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

Related Articles


  1. Rene Hesse
    Rene Hesse February 13, 16:35

    Thanks a lot. This is great content. I might share some for you guys too. Great work poster!

    Reply to this comment
  2. Van Sogol
    Van Sogol March 08, 01:19

    Hi, Neat post. There is a problem with your web site in internet explorer, would test this… IE still is the market leader and a large portion of people will miss your great writing due to this problem.

    Reply to this comment
  3. diantheus
    diantheus April 11, 18:56

    I am sure this piece of writing has touched all the
    internet visitors, its really really pleasant piece of writing
    on building up new blog.

    Reply to this comment
  4. italia f
    italia f May 04, 11:19

    Have you ever considered about adding a little bit more
    than just your articles? I mean, what you say is important and
    everything. Nevertheless think about if you added some great
    visuals or video clips to give your posts more, “pop”!
    Your content is excellent but with images and clips, this website could
    undeniably be one of the very best in its niche.

    Wonderful blog!

    Reply to this comment
  5. Derick Shiller
    Derick Shiller May 04, 21:28

    “This site was… how do you say it? Relevant!! Finally I’ve found something that helped me. Cheers!”

    Reply to this comment

Write a Comment