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US retaliates with investigation as France taxes digital giants

France Tax
The French Parliament passed a new law to tax digital giants on Thursday, making France one of the first countries to tax "GAFA" companies, namely Google, Amazon, Facebook and Apple [Image, Courtesy].

US trade authorities have initiated an investigation against France's decision to tax digital giants, which are mostly US based.

The French Parliament passed a new law to tax digital giants on Thursday, making France one of the first countries to tax "GAFA" companies, namely Google, Amazon, Facebook and Apple. In response, the United States Trade Representative (USTR) announced that it has initiated an investigation against the French law and its impact on U.S. businesses.

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