US President Donald Trump on Friday accused his French counterpart Emmanuel Macron of “foolishness” over a move to tax global tech giants, promising substantial retaliation which he hinted could target French wine.
“France just put a digital tax on our great American technology companies,” Trump tweeted about the law passed this month that is set to affect US giants Google, Apple, Facebook and Amazon.
“If anybody taxes them, it should be their home Country, the USA,” he added. “We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!”
France to go ahead, says Economy Minister
France will go ahead with a digital tax, Economy Minister Bruno Le Maire said on Friday, shortly after US President Trump threatened “substantial” retaliation over Paris targeting top US tech companies.
“Universal taxation of digital activities is a challenge for us all. We want to reach an agreement within the G7 and the OECD. In the meantime, France will implement its national decisions,” Le Maire said in response to Trump’s warning.
Germany calls for time on EU digital tax, France brokers compromiseGermany called for more time to agree a European Union tax overhaul to raise levies on large digital firms, although its Finance Minister Olaf Scholz ... Technology
EU lawmakers back copyright reforms targeting Google, FacebookEU lawmakers have endorsed an overhaul of the bloc’s two-decade old copyright rules, which will force Google and Facebook Inc to pay publishers ... Technology
Facebook, Twitter must comply with EU consumer rules or face sanctionsFacebook and Twitter face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to ... Digital
EU fines Facebook over ‘misleading’ WhatsApp infoThe European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading ... Digital