U.S. Weighs Trade Action Over French Digital Tax, Official Says

A senior U.S. Treasury official said the country is reviewing how it will respond to France’s proposed tax on digital companies, which it says is highly discriminatory against the U.S.

The French government estimates that the 3 percent tax on businesses with 750 million euros ($846 million) in worldwide digital revenue and 25 million euros of French digital sales would net around 30 tech giants, mostly from the U.S.

“Various parts of our government are studying whether the discriminatory impact would give us rights under trade agreements,” Chip Harter, deputy assistant secretary for international tax affairs at the Treasury ...