BBCNEWS Business Briefing July 14, 2024
We start in france, where a pioneering tax on tech firms is expected to be approved by the senate today, after clearing the lower house last week. It comes amid public anger across the continent at tax avoidance by the likes of google, amazon and facebook, who locate their eu headquarters in low tax countries and pay virtually nothing elsewhere. But it has already threatened to spark new trade tensions, with the Trump Administration launching an investigation to see whether the move unfairly targets us firms. The plan, masterminded by french finance minister bruno de maire, is for a 3 Digital ...