Today NetChoice applauded the US Trade Representative for investigating and considering action against the French Digital Services Tax (DST), which would impose a 3% tax on gross revenue from businesses with annual revenue of $830 million globally.
“In a desperate bid to help French companies compete, France designed new taxes to penalize America’s online leaders,” said Steve DelBianco, President of NetChoice.
“France flaunted OECD policies when it imposed this discriminatory new tax,” continued DelBianco. “Just a month after President Macron promised to grow France’s flailing tech industry, his government imposed these taxes to knee-cap American competitors.”
“The USTR is standing-up for American businesses by investigating France’s discriminatory tax. Our government needs to show foreign powers that they will pay a price for targeting America’s online leaders for discriminatory taxes.”
“The DST is doubly discriminatory, by targeting American online business while steering clear of most French companies and sparing ad revenue earned by broadcast and print media.”