France sends ‘Apple tax’ demands; sparks new trade war fears
France has begun asking US tech giants for what has been labelled an ‘Apple tax’ – a specific tax on tech giants which the country considers tax avoiders. It has been hoped the country would agree to wait for a global agreement on the tax treatment of large tech companies, but France has now decided to proceed unilaterally.
The move promoted a threat of retaliation from Washington, leading to fears that it could provoke a trade war between the two countries …
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