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US launches inquiry into French plan to tax tech giants

French plan

US President Donald Trump has ordered an investigation into France’s planned tax on tech giants – a move that could result in retaliatory tariffs.

His trade representative said the US was „very concerned” that the tax „unfairly targets American companies”.

On Thursday the French parliament is due to approve a 3% levy on revenue made by such companies as Google and Facebook inside the country.

Source: BBC

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