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July 12, 2019

Trump Threatens New Trade War as France Approves 3% Tax on Tech Giants
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French lawmakers on Thursday approved a digital services tax on internet
giants like Google, Amazon, Facebook and Apple, prompting threats of a
new trade war by the Trump administration. Supporters of the 3% tax
argue U.S. companies largely avoid paying taxes by setting up
headquarters in EU countries with extremely low tax rates on corporate
profits. The Trump administration says it has launched an investigation
and is considering punitive tariffs in retaliation.


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