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France agrees to delay new tax on tech giants

France agrees to delay new tax on tech giants
Business
France has agreed to delay collecting a new tax on multinational technology firms until the end of 2020, a French government official has told the BBC.

The digital services tax has provoked an angry response from Washington.

The US had threatened to impose retaliatory tariffs on $2.4bn (£1.8bn) of French goods, including champagne and cheese, after the tax was passed in July 2019.

The US will not introduce extra import taxes this year, the official said.

The rapprochement was the result of a conversation between President Trump and President Macron on Monday.
Read more on bbc.com
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