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Debate Heats Up Over How Countries Tax Big Tech companies

An international debate over how countries tax big U.S. technology companies such as Google, Amazon and Facebook is heating up, presenting a challenge for new President Joe Biden's administration. There's a mid-year deadline for talks on a global deal that aims to defuse trade disputes with France and other countries that are imposing go-it-alone taxes the U.S. sees as discriminatory. France has imposed its own 3% tax on digital revenue for large tech companies—in effect singling out the U.S. tech giants—but has said it would withdraw the tax in favor of an international solution being negotiated under the auspices of ...

By |June 15th, 2020|Categories: Technology News|Tags: , , |0 Comments