trade representative: Right before the passing of the digital services tax, the US Trade Representative launched a Section 301 investigation of the Trade Act of 1974 into the tax bill, citing concerns that the bill could unfairly target US firms, according to Global Times China. In fact, a clash between the US and France is inevitable in the digital field. Digital service providers, with revenue exceeding 750 million euros 845 million globally and at least 25 million euros revenue generated from France, are subject to a 3 percent tax. The primary reason is attributed to the gap between the two countries in terms of digitalization. China has fewer companies engaging in the digital related business in France than the US. Therefore, it is not surprising that the US has become a thorn in France's eye. China and the US have taken the lead in digitalization while France has fallen behind.
(news.financializer.com). As
reported in the news.
Tagged under trade representative, percent tax topics.