mo4ch:>US threatens France over proposed ‘unfair’ tax on Silicon Valley tech giants | Mo4ch News

The US has launched a probe that may see France slapped with sanctions for its attempt to hike taxes on tech firms, which Washington claims will ‘unfairly’ target Silicon Valley giants known for their tax ‘optimization’ practices.The US, which has been widely criticized on the world stage for promoting protectionist trade practices and unilateral sanctions, has taken the first step to justify possible retaliation against the proposed French law by launching the so-called 301 investigation. The same type of probe into ‘unfair’ trade practices was used by the Trump administration to accuse Beijing of intellectual property theft and impose tariffs on Chinese goods, and invoked by the US Trade Representative (USTR) to go after Airbus subsidies.Also on rt.comUS proposes $11bn in tariffs on European products over Airbus subsidiesAmid rising public outrage at the minimal tax paid by some of the world’s richest firms, French lawmakers are due to approve the proposed Digital Services Tax (DST)…