French Lawmakers Progress Tax on American Big Tech Amid Pushback
French lawmakers are moving forward with plans to double a tax on big tech firms, including Google, Apple, Meta, and Amazon.
The National Assembly voted in favor of hiking the digital service tax to 6 percent, up from 3 percent.
The French government is against the move, with Economy Minister Roland Lescure warning that a "disproportionate" tax would lead to "disproportionate" retaliatory measures.
- Lawmakers initially pushed to hike the levy to 15 percent in response to U.S. President Donald Trump's tariff war.
- Industries in France that fear trade retaliation have called for caution.
Author's summary: French lawmakers double tax on big tech firms.
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