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U.S. investigating French plans to tax tech giants

The French levy would impose a 3% tax on certain revenue that large tech companies earn inside France. Legislators call it a tax on Les GAFA - the acronym for Google, Amazon, Facebook and Apple - companies that France has accused of paying insufficient income tax. Foto: Bloomberg photo by Andrew Harrer

WASHINGTON - In an unusual move that threatens to worsen trade tensions with Europe, the Trump administration said it will investigate whether a proposed French tax on tech companies discriminates against U.S. business, a step that could lead Washington to impose trade penalties...

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