sunny.png
Friday July 19th, 2019 8:24AM

Trump trade representative to investigate French tech tax

By The Associated Press

WASHINGTON (AP) — The White House is launching an investigation into France's proposed tax on internet giants like Google, Amazon and Facebook — a move that could lead to U.S. taxes on French imports.

U.S. Trade Representative Robert Lighthizer expressed concern that the tax, expected to be passed by the French Senate Thursday, "unfairly targets American companies."

Lighthizer's agency will investigate the tax under Section 301 of the Trade Act of 1974 — the same provision the Trump administration used last year to probe China's technology policies, leading to tariffs on $250 billion worth of Chinese imports.

The French digital services tax would impose a 3% annual levy on French revenues of digital companies with yearly global sales worth more than 750 million euros ($844 million) and French revenue exceeding 25 million euros.

  • Associated Categories: Associated Press (AP), AP Online Headlines - Washington, AP Online Congress News, AP Business, AP Business - Economy, AP Technology News
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Pelosi implores Democrats to unify, warning of dangers ahead
The way Rep. Alexandria Ocasio-Cortez and House Speaker Nancy Pelosi speak at each other threatens party unity and underscores broader tensions reshaping the Democrats
6:15PM ( 16 minutes ago )
Facing calls for resignation, Acosta defends Epstein deal
Facing calls for his resignation, Labor Secretary Acosta defends his handling of a sex-trafficking case involving now-jailed financier Jeffrey Epstein
6:14PM ( 18 minutes ago )
Pelosi: 'No regrets about anything' as feud tests Dem unity
The way Rep. Alexandria Ocasio-Cortez and House Speaker Nancy Pelosi speak at each other threatens party unity and underscores broader tensions reshaping the Democrats
6:05PM ( 26 minutes ago )
Associated Press (AP)
As Beetle ends, iconic original thrives in Mexico City hills
In a hilly outer district of Mexico City, residents still rely on the original no-frills Beetle, praising it for its affordability, reparability and dexterity at handling the area's steep streets as the car's modern cousin ceases production
4:50PM ( 1 hour ago )
Tech sector leads US stocks higher as Fed signals rate cut
Stocks rose Wednesday as Wall Street welcomed new signals suggesting the Federal Reserve is ready to cut interest rates for the first time in a decade
4:49PM ( 1 hour ago )
Whispers, suspicion about Epstein on Caribbean island
Ask about Jeffrey Epstein on St. Thomas and rooms go quiet. When Epstein pleaded guilty in a 2008 to soliciting and procuring a minor for prostitution, his need for privacy on his private island began to appear more sinister to many.
4:35PM ( 1 hour ago )
AP Business
Federal Reserve minutes show broad worries about economy
Federal Reserve minutes show broad concerns about slower growth, greater uncertainties
2:29PM ( 4 hours ago )
Stocks rise, led by tech sector, as Fed signals rate cut
Stocks are moving higher in morning trading as Wall Street welcomes new signals from the Federal Reserve that the central bank is ready to cut interest rates for the first time in a decade
2:11PM ( 4 hours ago )
China's June auto sales fall, extending year-old decline
China's auto sales fell 7.8% in June from a year earlier, extending a year-old contraction that is squeezing automakers that need to spend on developing electric cars
12:58PM ( 5 hours ago )
AP Business - Economy
Amazon, Microsoft wage war over the Pentagon's 'war cloud'
Amazon and Microsoft are battling for a $10 billion prize to build the U.S. military its first "war cloud."
4:58PM ( 1 day ago )
Uber offers riders more legroom, less chatting at a price
Uber is letting passengers request a more comfortable ride if they're willing to pay with a new "comfort" service launched Tuesday
4:20PM ( 1 day ago )
AT&T pulls 'Friends' from Netflix for its streaming service
AT&T is pulling 'Friends' from Netflix to beef up its own upcoming streaming service
4:07PM ( 1 day ago )
AP Technology News
Pelosi implores Democrats to unify, warning of dangers ahead
The way Rep. Alexandria Ocasio-Cortez and House Speaker Nancy Pelosi speak at each other threatens party unity and underscores broader tensions reshaping the Democrats
6:15PM ( 16 minutes ago )
Facing calls for resignation, Acosta defends Epstein deal
Facing calls for his resignation, Labor Secretary Acosta defends his handling of a sex-trafficking case involving now-jailed financier Jeffrey Epstein
6:14PM ( 18 minutes ago )
Pelosi: 'No regrets about anything' as feud tests Dem unity
The way Rep. Alexandria Ocasio-Cortez and House Speaker Nancy Pelosi speak at each other threatens party unity and underscores broader tensions reshaping the Democrats
6:05PM ( 26 minutes ago )
Aftershocks continue in California desert
Aftershocks of last week's big earthquakes are still rumbling beneath the California desert, but seismologists say the probability of large quakes continues to decline
5:53PM ( 38 minutes ago )
Feds not ready to take sentencing position in Flynn case
Federal prosecutors say it's too soon to take a position on sentencing for former Trump administration national security adviser Michael Flynn
5:50PM ( 42 minutes ago )