Market news: France will raise the digital tax rate for companies such as Amazon and Google&'s parent company from 3% to 6%.


the French National Assembly passed an amendment to the 2026 budget, proposing to increase the digital income tax rate of companies such as Amazon, Google's parent company Alphabet, and Meta from the current 3% to 6%. Although this increase is lower than another proposal to raise the tax rate to 15%, it still means a significant increase in tax revenue. This move by France may trigger a strong reaction from Trump, who has threatened retaliation tariffs against France over this measure. Republican lawmakers in the United States have warned that raising the tax rate to 15% would constitute an unjust attack on American tech companies, leaving the US Congress and the Trump administration with almost no choice but to take strong retaliatory action. This amendment is only one part of the budget bill, which may be voted on next month or in December, and it is still uncertain whether it will become law. Although the 6% tax rate amendment was proposed by members of President Macron's party, the French government still maintains a cautious attitude towards it, stating that it will continue to communicate with the parliament. The French Finance Minister said: "We note the parliament's willingness to strengthen the taxation of digital giants. This matter needs to be handled carefully, especially in terms of raising the tax rate threshold, and we must promote relevant work through European and international dialogue." (Jinshi)