Digital Tax Derided by Trump Is Backed by French Court
The French Constitutional Council has upheld the country's digital tax, which has been criticized by US President Donald Trump and Silicon Valley companies. The tax, known as the GAFA (Google, Amazon, Facebook, Apple) tax, targets the revenue of large digital companies operating in France, even if they are headquartered elsewhere. The council ruled that the tax is constitutional, rejecting arguments that it unfairly targeted US companies. The decision is a significant victory for the French government, which has faced threats of retaliation from the US over the tax. The digital tax is part of a broader effort by European countries to ensure that multinational tech companies pay their fair share of taxes in the countries where they operate. The ruling sets the stage for continued tension between France and the US over the issue of digital taxation.
Source: For the complete article, please visit the original source link below.
