France's National Assembly has approved an amendment to the 2026 budget to increase the digital services tax on major tech companies, including Amazon, Alphabet, and Meta, from 3% to 6%. This proposal, while less than a previously considered 15% rate, could still lead to significant tax revenue increases. The move may provoke a response from Trump, who has previously threatened retaliatory tariffs against France. The amendment is part of a broader budget bill, with its final approval pending a vote expected next month or in December. French Finance Minister emphasized the need for careful handling and international dialogue on the matter.
France Proposes Doubling Digital Services Tax to 6% for Tech Giants
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