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US launching a probe into French Digital Services Tax on technology companies

Jul, 10, 2023 Hi-network.com

France's Parliament passed a law on Digital Services Taximposing a 3.0 percent tax on revenues generated from services to French consumers by the largest tech firms. Even before the law was passed, itdrew attentionby the US.US Trade Representative started an investigationinto the effects of the French regulation on US tech companies claiming that these are unfairly targeted.

 

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