France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday. From a report: U.S. President Donald Trump had threatened to hit back with tariff action after France passed a law earlier this year that would impose a 3% tax on revenues earned on digital services in France. Macron told reporters that companies that pay the tax would be able to deduct the amount once a new international deal on how to tax internet companies is found next year.

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Source: Slashdot – Macron Says France and US Have Reached a Deal To End a Standoff Over a French Tax on Big Internet Companies