{"id":523260,"date":"2025-10-23T22:49:12","date_gmt":"2025-10-23T22:49:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/523260\/"},"modified":"2025-10-23T22:49:12","modified_gmt":"2025-10-23T22:49:12","slug":"french-lawmakers-vote-to-hike-tax-on-american-tech-giants-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/523260\/","title":{"rendered":"French lawmakers vote to hike tax on American tech giants \u2013 POLITICO"},"content":{"rendered":"<p>The 2026 budget will go to a plenary vote in the National Assembly on Nov. 4, after which it must pass the French Senate. Most political groups are backing an increased digital tax \u2014 albeit with differing proposals on how big the increase should be.<\/p>\n<p>\u201cThis measure clearly shows that we don\u2019t have to wait for Europe,\u201d said \u00c9ric Coquerel, a left-wing MP who heads up the finance committee. Fellow lawmaker from the right-wing Republicans, Corentin Le Fur, echoed: \u201cWe need to act decisively.\u201d<\/p>\n<p>U.S. President Donald Trump has repeatedly warned against digital services taxes, alongside any measures that he says discriminate against American companies. In August he <a href=\"https:\/\/www.politico.eu\/article\/us-question-report-sanction-eu-officials-dsa-donald-trump\/\" target=\"_blank\" rel=\"noopener\">vowed<\/a> to \u201cimpose substantial additional tariffs\u201d on countries with such rules.<\/p>\n<p>If the move survives highly volatile budget talks, companies say they will sound the alarm to the economy minister \u2014 warning of potential sharp retaliation from Washington.<\/p>\n<p>&#8220;It\u2019s a direct attack on American companies, so it\u2019s certain that on the other side of the Atlantic there will be retaliatory measures on other French sectors,\u201d said a representative of a U.S. platform who was granted anonymity to speak on the issue.<\/p>\n<p>The move prompted immediate reaction in Washington. \u201cIf France moves forward with raising Digital Service Taxes that indiscriminately target American digital companies, the Ways and Means Committee stands ready to work with President Trump and U.S. Trade Ambassador Greer and pursue aggressive retaliatory action,\u201d Republican U.S. representative Jason Smith, who is chairman of the tax-writing Ways and Means Committee, <a href=\"https:\/\/x.com\/RepJasonSmith\/status\/1981085404603568281\" target=\"_blank\">wrote in a post on X<\/a>.<\/p>\n<p>\u201cI urge France to work cooperatively to address U.S. concerns rather than doubling down on these discriminatory taxes,\u201d he wrote. <\/p>\n","protected":false},"excerpt":{"rendered":"The 2026 budget will go to a plenary vote in the National Assembly on Nov. 4, after which&hellip;\n","protected":false},"author":2,"featured_media":523261,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[1394,1194,2437,32,34,2000,299,36,809,1199,479,1200,49],"class_list":{"0":"post-523260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-big-tech","9":"tag-budget","10":"tag-companies","11":"tag-donald-trump","12":"tag-emmanuel-macron","13":"tag-eu","14":"tag-europe","15":"tag-france","16":"tag-negotiations","17":"tag-services","18":"tag-tariffs","19":"tag-tax","20":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115425926482293425","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/523260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=523260"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/523260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/523261"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=523260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=523260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=523260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}