Trump vows 'substantial reciprocal action' against France over tax targeting tech giants
President Trump vowed Friday to take "substantial reciprocal action" against France after President Emmanuel Macron signed into law a tax targeting technology giants like Amazon and Google.
"France just put a digital tax on our great American technology companies," Trump tweeted. "If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!"
Macron this week signed the digital services tax, which imposes a 3 percent tax on the annual revenues of technology companies that make at least 750 million euros annually and provide services to users in the country.
The tax would affect several companies, including U.S.-based tech giants like Apple, Google, Facebook and Amazon.
https://www.msn.com/en-us/news/world/trump-vows-substantial-reciprocal-action-against-france-over-tax-targeting-tech-giants/ar-AAEUvn3?li=BBnb7Kz
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threatening countries . . . what could go wrong.