France will Impose additional taxes on tech giants despite US resistance

The tax would apply to French revenues from about 30 major tech corporations, most of which are US-based with an estimated increase of roughly 500 million euros ($565 million) per year.

“We are determined to implement a tax on the largest digital companies to bring more justice and efficiency to the international tax system”, French Finance Minister Bruno Le Maire said on Friday.

 
The news comes after the European Commission scraped a digital tax plan for the bloc in March to elaborate a common stance on the issue at a global level. France and some other countries, however, have decided to implement the tax on a national level, while Washington has claimed that the bill is “discriminatory” and warned of WTO actions.

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