U.S. to announce findings from probe of France’s tech tax on Monday

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U.S. to announce findings from probe of France’s tech tax on Monday

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WASHINGTON, Nov 27 (Reuters)U.S. commerce officers mentioned they’ll announce any proposed motion towards France on Monday once they launch the findings from their investigation into the European ally’s tax on large web firms comparable to Amazon, Google and Fb.

“The US Commerce Consultant is within the technique of finishing its investigation … of France’s Digital Companies Tax,” the USTR’s workplace mentioned in a press release on Wednesday, including that it “will announce any proposed motion within the investigation” on Monday.

France and the USA have been embroiled in a commerce dispute over France’s deliberate 3% levy on digital companies income on sure firms that U.S. officers have mentioned threaten American tech giants comparable to Fb Inc FB.O, Google GOOGL.O and Amazon AMZN.O.

The 2 sides earlier agreed to put aside their variations as talks continued, and U.S. officers weighed their choices amid conferences with representatives from U.S. expertise and different firms.



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