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French Senate approves tax as U.S. opens probe into digital levy

The New York Stock Exchange flies a French flag, in New York
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PARIS (Reuters) - France's Senate on Thursday approved a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union.The tax will apply a 3% levy on revenue from digital services earned in France by firms with over 25 million euros (£22.4 million) in French revenue and 750 million euros worldwide. It is due to kick in retroactively..
Date Published: Jul 11, 2019
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